International Finance

Category : Banking

Banking

LANDBANK starts a revolution with digital banking

Its Mobile Loan Saver program has become the most awarded digital banking innovation globally September 08, 2016: With the Philippines often dubbed as the ‘SMS capital of the world’ for its substantial mobile phone penetration, the Land Bank of the Philippines (LANDBANK) saw an opportunity to reach out to customers with their loan products via...
Banking

Lessons for the first-time adopters of IFRS

Saket Modi There is evidence to suggest that the move has resulted in more comparable and more transparent financial statements June 1, 2016: The year 2015 was a historical one for the world of finance and capital markets. It marked the 10th anniversary of mandatory adoption of the International Financial Reporting Standards (IFRS) by listed...
Banking

KBL epb 2015 net profit rises 22%

Full year net profit reaches €81 million; revenues rise to €548 million May 10, 2016: KBL European Private Bankers (KBL epb), headquartered in Luxembourg and operating in 50 cities in Europe, announced its positive financial results for the 12-month period ending December 31, 2015. KBL epb reported a group net profit of €81 million for...
Banking

Swiss pvt banks need to intensify their industrialisation efforts

Ten steps have been recommended to become state-of-the-art bank September 07, 2016: The most recent SFI White Paper reveals that Swiss private banks are being forced to revise their value chains further using industrialisation strategies in order to be able to fulfill the present and future requirements of state-of-the-art banking. According to a survey of...
Banking

Laos and World Bank to end poverty and build shared prosperity

Lao PDR has made significant strides in relation to poverty reduction. July 15, 2013: The World Bank Group and the Lao PDR have forged a constructive partnership for development lasting more than five decades, during which time, the Lao PDR has made significant strides in relation to poverty reduction. It has reduced the poverty headcount from almost half...
Banking

The Note in your Wallet- Full Speech by Chris Salmon

Chris Salmon, Executive Director for Banking Services and Chief Cashier, Bank of England , At the Plymouth Chamber of Commerce. June 19, 2013: I would like to thank Victoria Cleland, Mona Naqvi, Roy Whymark and Kevin Wills for their contributions and am grateful for helpful comments from other colleagues. I am grateful to you for...
Banking

Central Counter-Parties what are they, why do they matter and how does the Bank supervise them?’

Benefits of Central Counter-parties. June 19, 2016: Financial market infrastructures lie at the heart of the financial system. They settle transactions and, by stepping in between buyers and sellers, ensure that financial obligations are met. As such, they play a crucial role in helping the economy and financial markets to function. Central counterparties (CCPs) –...