South African banks under strain; sharpest decline in earnings
The banks are also forced to cut interest rates because of the pandemic...
Tag : banking
Neobank diary: Data is everything
by WebAdmin
Neobanks in Southeast Asia rival traditional banks with unique digital propositions built on vast amounts of customer data...
Japan’s Shinsei Bank acquires UDC Finance for $480 mn
This is Shinsei’s biggest acquisition till date...
FAB stalls talks to acquire Bank Audi Egypt over uncertainity
Mergers and acquisitions in the Middle East are expected to grow after the negative effects of the pandemic settles...
Japan’s MUFG to close 40% of domestic branches by 2023
The bank plans to adopt more cost-cutting measures in response to the coronavirus crisis...
Unaitas Sacco approves Sh500 mn dividend pay out for members
The Sacco comprises more than 320,000 members in Kenya...
PPC Bank seeks to improve financial inclusion in Cambodia
The bank lays emphasis on digitisation and seeks to further innovate its banking services...
UK banks demonstrate financial strength to cope with Covid-19: BOE
The central bank observed that the UK is facing its harshest recession in 300 years...
Riyad Bank plans early redemption of $1.06 billion sukuk due in 2025
The bank has received regulatory approval for its sukuk redemption...