Category :Banks

Asian Development Bank Funding Infrastructure World

ADB Funds Water Resource Management Projects in Cambodia

Global Business Magazine December 3, 2024

The Asian Development Bank (ADB) on Tuesday announced that it has approved two projects with $173 million in loans and grants to accelerate Read More

Banks Business Companies Funding Regional

Saudi Banks Report 3.7% growth in L&A in Q3-2024

Global Business Magazine December 2, 2024

Driven by a 4.4% rise in corporate and wholesale banking, Saudi Arabia’s ten largest banks have reported a 3.7% q-o-q increase in Loans & Read More

Banks Business Companies Funding World

EIB Provides $370.27 Million in Loan to Czech Bank

Global Business Magazine December 2, 2024

The European Investment Bank (EIB) said that it has provided $370.27 million in loan to Czech bank Ceskoslovenska Obchodni Banka (CSOB) to expand Read More

Banks Business Companies Regional Sukuk World

LSE List SAIB’s $750 Million Sukuk Issuance

Global Business Magazine November 29, 2024

The London Stock Exchange has announced the listing of The Saudi Arabia Investment Bank’s (SAIB) debut Tier 1 Sustainable Sukuk Issuance of $750 Read More

Banks Business Companies Decarbonisation World

KfW Commits $25 Billion to Germany’s Hydrogen Core Network

Global Business Magazine November 27, 2024

Germany’s plans to advance its renewable energy goals and become a hub for hydrogen production received a fillip with the state-owned Read More

Banks Business Investments Regional

Emirates NBD, Mashreq Invest in NewBridge Fintech Solutions

Global Business Magazine November 27, 2024

Emirates NBD and Mashreq Bank on Wednesday announced a strategic investment in NewBridge Fintech Solutions, the owner of LoanBook, a next-generation platform Read More

Banks Business Companies Divestments World

StanChart May Sell WRB Units in Three African Countries

Global Business Magazine November 27, 2024

Standard Chartered PLC, the British multinational bank, on Wednesday said that it was exploring the potential sale of its Wealth & Retail Banking (Read More

Banks Business Companies Mergers and Acquisitions World

Italy’s Unicredit Bank to Acquire Banco BPM

Global Business Magazine November 26, 2024

In another mega merger in Italy’s baking sector, the Board of Directors of UniCredit S.p.A. on Monday approved the Read More

Banks Business Companies Earnings Regional

UAE Banks’ Combined Income Drops $5.53 Billion in Q3

Global Business Magazine November 26, 2024

On the back of higher impairment charges, the combined net income of the UAE's 10 largest listed banks fell 5.5% q-o-q to $5.53 billion in Read More

Banks Business Companies Financial Services World

US Treasury Sanctions Gazprombank, 40 Other Entities

Global Business Magazine November 22, 2024

The US government on Thursday placed the Russia’s private-owned Gazprombank, the third largest bank in the country with assets around $860 million Read More