Independent board members: Global norms for Kuwait banks
The Central Bank of Kuwait’s decision to appoint board independent members is based on international principles...
Tag : banking
Emirates NBD’s Network stake sale to boost profits
The bank will sell an additional 10.5 percent stake in Network International...
UAE’s ADCB sells Indian portfolio to focus on home market
The portfolio which includes Dh355 mn in assets and Dh601 mn in liabilities will be acquired by DCB Bank...
Moneycorp licenced to be its fifth forex bank in Brazil
It is the second international banking licence for Moneycorp after the European licence it holds in Gibraltar...
Indonesia lynchpin of Standard Chartered 2021 returns target
Standard Chartered’s operating profit in Indonesia is up by 28% in H1 2019 year-on-year...
New Singapore e-service to help firms fight money laundering
Banks such as BNP Paribas, DBS Bank, MUFG Bank, OCBC Bank, and United Overseas Bank show interest in the new service...
UBF: UAE banks well-capitalised, highly liquid, and stable
By December end, total banking assets reached $780 billion which bolstered the UAE banking sector’s position as the largest in the Gulf region...
Malaysia’s Maybank plans to diversify revenue from retail SMEs
The bank aims to increase the current 10% revenue from the segment to 20% in three years...
China grants Deutsche, BNP Type A banking licence
The Type A licence will allow the two foreign banks to become a lead underwriter for corporate debt...
Malaysian banks expecting 25bps rate cut before end 2020
The last time central bank of Malaysia declared rate cut was in May 2019...