All articles by Verdict Staff
Verdict Staff
Credit Agricoles Q3 net profit climbs 15%
French lender Credit Agricole has reported a net profit of EUR930m for the third quarter of 2015, up 14.8% compared to a year earlier.
Societe Generales Q3 net income up 27.7%
French lender Societe Generale has posted a net income of EUR1.13bn for the third quarter of 2015, an increase of 27.7% compared to EUR882m in the year-ago quarter.
Retail banks boost technology investments to compete with start-up rivals: Report
In order to gain a competitive edge over new start-up rivals, an increasing number of retail banks (84%) have increased their investments in technological innovations, according to a report by Infosys Finacle, part of EdgeVerve Systems, and Efma.
Bank South Pacific wraps up acquisition of Westpac Solomon Islands
Bank South Pacific (BSP) has completed the acquisition of Westpacs Solomon Islands operations, after securing relevant statutory, regulatory and third party approvals in Solomon Islands.
National Bank of Greece to offload Turkish division Finansbank
National Bank of Greece (NBG) has announced plans to sell its Turkish subsidiary Finansbank in order to cover capital shortfall.
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ING Group registers 15% jump in Q3 net income
Dutch banking major ING Group has posted a net income of EUR1.06bn for the third quarter of 2015, a jump of 14.7% compared with EUR928m in the year ago quarter.
Mizuho Bank receives approval to open second office in Myanmar
Japan’s Mizuho Bank has received approval from Myanmar’s regulatory authorities to open a front office in the Thilawa special economic zone.
Fintech investment in Asia-Pacific set to quadruple in 2015: Accenture
Asia-Pacific financial service firms are set to at least quadruple their investments in financial technology (fintech) in 2015, according to report by Accenture.
Intesa SanPaolo Q3 income surges to EUR722m
Italian banking major Intesa SanPaolo has posted a net income of EUR722m for the third quarter of 2015, a surge of nearly 50% compared with EUR483m a year ago.
National Bank of Abu Dhabi commences operations in India
The National Bank of Abu Dhabi (NBAD) has commenced banking operations in India by opening branch in Mumbai.