African banks suffer due to a surge in bad loans provision
KCB’s net profit slumped 43 percent to $109 million in the first...
Banking
UAE central bank’s total assets surge 2 percent in Q3
Resident deposits surged by 6.4 percent annually and the non-resident deposits slumped...
Edinburgh’s Modulr receives £9 million funding from PayPal
The company has developed capabilities to settle and hold funds at the...
Brazil to roll out new payment system to eliminate bureaucracy
The new system is likely to replace the large swath of payment...
Vietnamese banks ramp up foreign ownership ratio to foster financial growth
TechcomBank’s board of directors increased its ownership limit to 22.5% of its...
CGS-CIMB expects Singaporean banks to bolster growth
CGS-CIMB estimates a target price of $25.51 for DBS and a target...
IFC provides $40 million credit facility to Nigeria’s Union Bank
The fund is part of IFC’s Global Trade Finance Programme...
Samba, NCB to create Saudi’s $220 billion mega-bank
The merger is a part of the Kingdom’s Vision 2030 strategy...
Germany’s banking system will see new reforms
The Wirecard scandal has raised concerns about the existing regulations and urged...
Nigeria’s banking sector is strong despite of economic crisis, says government
Nigeria’s economy surged 1.87% in the first quarter of 2020...