All articles by Verdict Staff

Verdict Staff

CIBC elevates its branches into the modern era

CIBC has worked with design consultancy allen international to develop state-of-the-art branches to optimise customer experience. The Canadian bank is using its innovative branch design as a template for full-service and small teller-free convenience branches, including airport outlets. Robin Arnfield reports

Mashreq introduces foreign currency cash services in UAE

Mashreq Bank has launched foreign currency cash services across its branches in the UAE.

Karnataka Bank inks ATM outsourcing deal with FIS

Karnataka Bank, a privately owned bank based in southwestern India, has inked a multi-year ATM outsourcing agreement with FIS, a banking and payments technology firm, to expand its transaction banking access to customers.

ANZ registers 5% rise in H1 cash profit

Australia and New Zealand Banking Group (ANZ) has posted cash profit of A$3.7bn for the first half of fiscal year 2015, an improvement 5% compared to the year ago period.

Doha Bank to open branch in South Indian state of Kerala

Doha Bank, a Qatar-based lender with operations mostly in the Gulf, is considering opening a branch in Kochi, Kerala, The Hindu Business Line has reported.

Venezuela’s Benacerraf group to buy BES’ Miami unit

Venezuela’s Benacerraf banking family has agreed to acquire the Miami arm of collapsed Portuguese lender Banco Espirito Santo (BES) in a $10m deal.

Westpac’s retail and business banking arm posts 8% rise in H1 earnings

Westpac’ retail and business banking segment has reported cash earnings of A$1.35bn for the first half of fiscal 2015, a rise of 8% from A$1.25bn a year ago.

Mashreq Bank planning 30% headcount increase in Egypt

UAE-based Mashreq Bank is planning to hire more staff amongst other initiatives to expand its presence in Egypt’s retail banking market.

Mashreq Qatar rolls out new savings account service

Mashreq Qatar has launched a new savings account service, Step Up Savings Account, on its MashreqOnline banking platform.

Scotiabank acquires Citibank’s retail operations in Peru

Scotiabank’s subsidiary in Peru has acquired the retail and commercial banking operations of Citibank in Peru.