DBS Bank working with advisor for Bank Permata acquisition
It would be DBS’ second attempt to acquire an Indonesian bank...
Category : Banking
Equity to get Sh13 bn discount on Atlas Mara acquisition in Africa
It will acquire four banks in Rwanda, Zambia, Tanzania and Mozambique...
NCBA Group to begin rationalisation of branches
The new shares of the combined entity are expected to trade by the end of October...
Union Bank of Nigeria gets $200 mn to fund SMEs, entrepreneurs
Part of the $200 mn funding from OPIC will be used to drive digitalisation...
Card payments in Vietnam to reach 522.5 mn by 2023
Card payments increase from 56 mn in 2015 to 271 mn in 2019...
Kenya’s CBA to own 53% stake in merger with NIC Group
The merger will be effective from September 30 and the new entity will be known as NCBA Group...
Singapore banks disburse more loans in August
Domestic banks lent out S$684.9 billion as loans...
Singapore’s TFC to mitigate risk of trade-based money laundering
Trade Finance Compliance will digitise the process of validating trade and underlying prices...
European private banks see worst drop in profit since 2008
Reduced investor inflows, rising costs and a weakening financial market led to the profit drop...
DBS to grow its global transaction business in Asia
The bank aims to grow its revenue from GTS in Vietnam by 30% and from the Guangdong-Hong Kong-Macau region by 55%...