MGN Emperor aims to become Cambodia’s top digital bank
The bank plans to incorporate fintech into its business model and introduce technologies such as facial recognition...
Category : Banking
Vietnam VPBank’s pre-tax profit rises 44% to VNĐ2.56 tn in Q2
The bank’s strong growth factors in improved process, reorganised structure and good labour performance...
Standard Bank on target to raise stake in Kenya’s Stanbic to 75%
The South African bank has increased its stake in Stanbic to 69.1% by December 2018...
Emirates NBD’s net profit reaches Dh7.48 bn as the bank grows globally
The bank’s total net profit for the first six months increased 49 percent year-on-year...
Trump trade war: Citi increases hiring in Southeast Asia
The bank has hired across banking, capital markets and advisory teams in the past year...
Sharjah’s Invest Bank sees Dh106 mn loss in Q1, deposits drop 14%
The Sharjah government will invest approximately Dh1.9 billion in the bank in two stages...
Siam Commercial Bank’s investment in Go-Jek will boost online growth
The lender is focused on direct investments rather than fund-of-fund investments to bolster digital transformation strategy...
Trade Bank of Iraq to expand in China and Arabian Gulf
The bank is seeking to lift its revenues from retail banking and international operations to 30% by 2022...
South Africa’s central bank prepares to sell 50% stake in African Bank
African Bank was placed under the central bank five years ago when low-income clients failed to pay back personal loans...
Cyprus banks record the second highest NPL ratio in EU
Cyprus banks’ NPLs amounted to 34.1% of total loans compared with the EU average of just 3.1%...