All articles by Verdict Staff
Verdict Staff
Zimbabwe’s Steward Bank introduces diaspora banking in UK
Steward Bank, a Zimbabwe-based lender, has launched a new product range for Zimbabwean diaspora living, working and studying in the UK.
Rizal Commercial Banking plans to boost credit card operations
Philippines-based Rizal Commercial Banking Corporation (RCBC), a part of the Yuchengco Group, is reportedly planning to boost its credit card operations in a move to target the profitable retail market.
RBC to sell Suriname unit to Trinidads Republic Bank
Royal Bank of Canada (RBC) has entered into a definitive agreement to sell its banking operations in Suriname to Republic Bank.
Kenyas Equity Bank plans $2bn expansion across Africa
Kenyan lender Equity Bank has concluded plans to invest KES200bn ($2.2bn) to expand across 10 countries in Africa over the next five years.
BancABC to invest $1.5m in mobile banking platform
Zimbabwe’s regional financial institution Banc ABC is reportedly planning to invest $1.5m to establish a mobile banking platform, which is expected to be operational by end of June this year.
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Central Bank of Bahrain intoduces liquidity management tool for Islamic retail banks
The Central Bank of Bahrain (CBB) has launched a new Sharia compliant liquidity management instrument, Wakalah, for Islamic retail banking segment.
HSBC Bank Oman closes sale of Indian banking operations to Doha Bank
HSBC Bank Oman has completed the sale of its banking business in India to Qatar’s Doha Bank, an affiliate of HSBC Holdings.
Sun National Bank to consolidate nine branches amid restructuring
Sun National Bank, a subsidiary of Sun Bancorp, is planning to realign branch offices within its footprint by consolidating nine of its branches into nearby locations.
FirstMerit Bank launches external money transfer service
Ohio-based FirstMerit Corporation has launched an external money transfer service for customers via its online and mobile banking applications.
BMO seeks to double retail banking customer base in US
Bank of Montreal (BMO) is reportedly planning to double its customer base to six million people in the US over next three to five years as part of its strategy to expand its footprint in the American retail banking market.