Banking Archives - Page 77 of 88 - International Finance

Materialising the concept of ‘Insurance for Everyone’

International Finance DeskFebruary 15, 2016

by International Finance DeskFebruary 15, 2016

The insurance penetration in Bangladesh is less than 1%, which shows the current scenario of the market February 15, 2016: The insurance industry in Bangladesh is considered to be an untapped sector. It has one of the lowest insurance penetrations in the world (around 1%). While some choose to be pessimistic about it, insurance experts...

BisB rights offer 100% subscribed

International Finance DeskFebruary 11, 2016

by International Finance DeskFebruary 11, 2016

Message from bank CEO Hassan Amin Jarrar February 11, 2016: Bahrain Islamic Bank (BisB) announced the final result of the subscription in the capital increase offered during the period from 15th November to 29th November 2015 with 100% being subscribed. Total number of shares offered for the existing shareholders was 170,940,171 ordinary shares. Total shares subscribed were...

Grupo Aval — Central America’s largest financial conglomerate

International Finance DeskFebruary 8, 2016

by International Finance DeskFebruary 8, 2016

Operates in 12 countries, serves more than 13 million banking customers, consolidates more than $68 billion in assets and has over $128 billion in assets under management February 8, 2016: Grupo Aval is Colombia and Central America’s largest financial conglomerate; it operates in 12 countries, serving more than 13 million banking customers and 11 million...

Why digital wallets are a hit in China, India

International Finance DeskJanuary 31, 2016

by International Finance DeskJanuary 31, 2016

The reason is the huge proportion of the population that does not have a bank account IFM Correspondent January 31, 2016: Consumers around the world are increasingly using mobile phones to make online payments. This is helped by the increase in the number of people using smartphones. According to Statista, the overall number of mobile...

Measuring growth and spotting pitfalls in the UK mortgage market

International Finance DeskJanuary 13, 2016

by International Finance DeskJanuary 13, 2016

Lenders must address the mortgage retention challenge if they are to aim for a sustainable future Damian Young January 13, 2016: Despite the Bank of England’s most recent vote against a rise in interest rates, many financial analysts remain confident that we will see a rate rise over the early stages of 2016. This confidence...

aafaq Islamic Finance launches new medical equipment financing product

International Finance DeskJanuary 6, 2016

by International Finance DeskJanuary 6, 2016

To target SME companies and complement national healthcare development goals January 12, 2016: aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has introduced a new medical equipment financing product specifically tailored for the country’s small & medium enterprise (SME) market. The fully Shari’a-compliant product will be offered to...

Oman wants to increase success rate of SMEs

International Finance DeskSeptember 15, 2015

by International Finance DeskSeptember 15, 2015

Over 50% fail within five years, which is a drag on efforts by the Gulf nation to diversify its oil & gas based economy IFM Correspondent September 15, 2015: The two-day Oman SME Summit in Muscat got off to a rousing start with a welcome speech and special address by His Highness Al Sayyid Dr. Adham...

Battling for billions

International Finance DeskJuly 30, 2015

by International Finance DeskJuly 30, 2015

New mobile payments provider Equitel heats up competition in Kenya Amoxers Wachira July 30, 2015: In Kenya, it is unbelievably easy to complete transactions using a simple mobile phone handset. Such is the success of M-Pesa, Kenya’s pioneering mobile payments platform, that the country has been thrust in the unlikely position of a global leader...

‘We set standards for the best customer experience’

International Finance DeskJuly 22, 2015

by International Finance DeskJuly 22, 2015

BankDhofar of Oman has also been a leader in terms of product innovation and creative solutions July 22, 2015 : How has the Sultanate been doing with efforts to diversify its oil-dependent economy? As part of ‘Oman Vision 2020’, there are concerted efforts to diversify the economy and reduce the dependency on oil. The specific...

Online-only banks gaining popularity

International Finance DeskJune 29, 2015

by International Finance DeskJune 29, 2015

With banks struggling to remain profitable, digital banks are disrupting the way the industry functions Suparna Goswami Bhattacharya June 29, 2015: The one industry which has gone through a sea of transformation in the last decade is the financial industry. It all started with the opening up of ATMs and the addition of online banking...