All articles by Verdict Staff
Verdict Staff
Sinar Mas Group snaps up 9.9% stake in Saxo Bank
Indonesia’s Sinar Mas Group has purchased a 9.9% stake in Danish lender Saxo Bank for DKK 951m ($146m) from the banks co-founders and some minority shareholders.
Bandhan kicks off banking operations with 501 branches
Bandhan Financial Services, the first new commercial bank in India in over a decade, has started banking operations with 501 branches.
Bank of Portugal in talks with Anbang Insurance to sell Novo Banco
The Bank of Portugal is in talks with China’s Anbang Insurance Group to divest the state-rescued Novo Banco, the good bank created out of Banco Espirito Santo (BES).
Avidia Bank selects FIS to offer cardless ATM service
Central Massachusetts-based Avidia Bank has partnered with banking and payments technology provider FIS to offer cardless cash withdrawal service at the ATM.
Sumitomo Mitsui, ORIX raise stakes in Cambodia’s ACLEDA Bank
Japan’s Sumitomo Mitsui Banking (SMBC) and financial services firm ORIX have acquired additional stakes in Cambodia’s ACLEDA Bank from the bank’s existing shareholder JSH Asian Holding.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
China Bank Savings-Planters Development Bank merger receives BSP approval
The merger of China Bank Savings and Planters Development Bank has been approved by the Bangko Sentral ng Pilipinas (BSP).
Moroccan lender BCP to acquire BIA-Niger
Moroccan lender Banque Centrale Populaire (BCP) has inked an agreement with the state of Niger to acquire Niger’s Banque Internationale pour l’Afrique (BIA-Niger).
PointBank deploys VSoft’s IRIS omni-channel banking platform
Texas-based PointBank has extended its alliance with VSoft by choosing its IRIS omni-channel banking platform.
Al Ahli Bank receives EFSA approval to acquire Piraeus Bank Egypt
Kuwait’s Al Ahli Bank has obtained permission from the Egyptian Financial Supervisory Authority (EFSA) to buy a controlling stake in Piraeus Bank’s Egyptian arm.
ABN Amro’s retail banking arm reports 23% rise in Q2 underlying profit
The retail banking unit of Dutch bank ABN Amro has reported an underlying profit of EUR342m for the second quarter of 2015, a 23% increase compared to EUR278m for the same quarter last year.