Japan’s Shinsei Bank acquires UDC Finance for $480 mn
This is Shinsei’s biggest acquisition till date...
Category : Banking
FAB stalls talks to acquire Bank Audi Egypt over uncertainity
Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles...
Japan’s MUFG to close 40% of domestic branches by 2023
The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis...
RakBank, BankAsia drive cross-border payments using Ripple’s blockchain
Bangladeshi expatriate community is expected to benefit from the partnership with instant and secure payments...
Unaitas Sacco approves Sh500 mn dividend pay out for members
The Sacco comprises more than 320,000 members in Kenya...
PPC Bank seeks to improve financial inclusion in Cambodia
The bank lays emphasis on digitisation and seeks to further innovate its banking services...
Equity Bank launches Sh200 bn to support small firms in Kenya
The launch is a collaboration between Equity Bank and Kenya National Chamber of Commerce and Industry...
Kenya issues Sh50 bn bond to provide further support
Even the IMF approved $1.23 bn of emergency funding for Kenya and Uganda...
UK banks demonstrate financial strength to cope with Covid-19: BOE
The central bank observed that the UK is facing its harshest recession in 300 years...
Nigeria suspends layoffs for banks despite difficult times
Commercial lenders will have to seek approval from the central bank to implement job cuts...