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...
Category : Banking
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%...
Nigerian banks NPA loan book reaches ₦1.5 tr in 2018
The NPAs show a 15% increase when compared to ₦1.3tr of non-performing loans in 2017...
UAE banks’ investments in UK grew 23.9% to Dh61 billion in Q1 2019
UK is preparing to explore possibility of free trade agreements with countries in the Gulf region....
Mobile banking transactions grow 24% in Brazil in 2018
From merely checking bank statements, more and more Brazilians are completing financial activities on mobile...
Nigeria’s biggest lenders now focused on improving retail banking
Africa's retail banking revenues will reach $53 billion in 2022, increasing from $35 billion in 2017...
Aabar prepares to sell 9.9% stake in Malaysia’s RHB Bank
Aabar disposed 3 percent stake or $191 million shares in RHB Bank in March this year...