Danish Bank introduces first-ever negative interest mortgage
The bank offers an interest rate of -0.5% on loans, which means the bank will pay its borrowers to take money off their hands...
Tag : banking
UAE banks ‘can make profits of Dh40 bn in 2019’
11 banks listed on the ADSE recorded a 3.5 increase in profits which amounts to Dh11.6 billion...
African payment gateway fintech Innovate forays into Dubai
According to Innovate I Pay, the increasing number of African expatriates in UAE was a crucial deciding factor...
Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency...
Malaysia approves RHB Bank insurance sale to Tokio Marine
The merger between insurance arm of RHB Bank and Tokio Marine is set to create the second largest general insurer in the country...
Indonesia reviewing banking rules to lure more foreign investors
Indonesia liberalising requirement that the acquiring banks have to merge all local operations into one entity...
Brazil fintech Banco Inter raises $343 mn from SoftBank
Shares in Brazil’s Banco Inter surged more than 20 percent as Japan’s Softbank bought into the company....
Vietnam VPBank’s pre-tax profit rises 44% to VNĐ2.56 tn in Q2
The bank’s strong growth factors in improved process, reorganised structure and good labour performance...
Emirates NBD’s net profit reaches Dh7.48 bn as the bank grows globally
The bank’s total net profit for the first six months increased 49 percent year-on-year...
Ahli United Bank: Using technology for leadership
The bank is taking major steps toward fintech innovation...