All articles by Verdict Staff
Verdict Staff
Indonesia plans to set up holding company for state-owned banks
The Indonesian government is planning to set up an investment holding company that will manage its state-owned banks by 2018 to boost equity and operational efficiency.
AMCON to offload 100% stake in Keystone Bank
The Asset Management Corporation of Nigeria (AMCON), the state-backed bad bank, has announced plans to divest its 100% stake in Keystone Bank.
NAB profit up 8% in Q1
National Australia Bank (NAB) has registered an unaudited cash profit of A$1.7bn ($1.2m) in the first quarter ended 31 December 2015, a rise of 8% rise compared to the year ago quarter.
Emirates NBD annual net profit surges 39% to AED7.1bn
UAE-based lender Emirates NBD has reported a net profit of AED7.1bn ($1.9bn) for the year ended 31 December 2015, a surge of 39% compared with the last year.
Westpac to repay $4m to customers over debit card fees
Westpac New Zealand has agreed to repay over $4m to more than 100,000 customers who were overcharged debit card fees while withdrawing money from the bank’s ATMs across Australia.
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ADIB net profit rises 10% in 2015
Abu Dhabi Islamic Bank (ADIB) has reported a net profit after tax of AED1.93bn for 2015, a rise of 10.4% compared to AED 1.75bn in the prior year.
HSBC decides to keep its headquarters in UK
Banking giant HSBC has decided to remain headquartered in the UK following an extensive review by its board of directors.
Arun Jaitley: Expect bank reforms
Indian finance minister Arun Jaitley said that the government will be announcing a series of bank reforms to reinvigorate the sector, which is grappling with non-performing assets.
UBA, Airtel Kenya join forces on mobile banking
United Bank of Africa (UBA) has teamed up with Airtel Kenya to offer mobile-based financial services to Kenyans.
Saudi Arabia relaxes bank lending rules
Saudi Arabia has relaxed rules on bank lending in a bid to ease liquidity constraints and boost economic growth.