-
Kenya’s Banks Ranked: Lowest to Highest Loan Rates – International Edition (English)
•
The Central Bank of Kenya (CBK) disclosed that the average lending rate across commercial banks was 15.77%. Following the reduction of the base lending rate by 0.75%, which brought it down to 10%, the typical loan interest decreased by 0.64%. The Middle East Bank (K) Limited and Access Bank (Kenya) have the highest loan…
-
First National Bank Soars in Q1: Impressive Performance Unveiled!
•
…experiencing a substantial improvement in capital position \xa0 First National Bank Ltd has pushed its financial recuperation further into 2025, announcing a profit of GH₵30.68 million in the initial three months, which is double what they earned during the corresponding timeframe in the previous year. This achievement follows robust trade revenues, careful enlargement of…
-
Commonwealth Bank drops interest rates in good news for millions of Aussies with a mortgage
•
Commonwealth Bank trims variable mortgage rate Australia’s biggest home lender has cut its variable mortgage rates in a sign the Big Four banks are competing harder for new customers – with more official relief expected. The Commonwealth Bank has trimmed its online-only mortgage by six basis points to 5.84 per cent for new customers.…
-
Sindh Cracks Down on Restaurants Evading Taxes by Refusing Card Payments
•
The Sindh government has resolved to implement stringent measures against eateries, shopping centers, cafes, and biryani outlets that decline to accept debit/credit card transactions from customers. To enforce this, the Sindh Consumer Protection Authority within the Bureau of Supply Prices has initiated actions by serving warnings to notable restaurants in Clifton such as Karachi…
-
Absa Bank Soars Above the Rest: Stellar Q1 2025 Results Highlight Success
•
Absa Bank Ghana has kicked off 2025 with an impressive first-quarter performance, reinforcing its position as a leader in Ghana’s banking industry. The bank’s strong financial performance, along with its strategic moves, has cemented its role as a leader in the sector. The bank announced a Profit-Before-Tax (PBT) of GH¢686 million for Q1 2025,…
-
Commerzbank Outpaces UniCredit, Sees Profits Soar in International Edition (English)
•
On Friday, German bank Commerzbank announced its highest quarterly profit since 2011, just before an important shareholders’ meeting where they aim to garner backing to counteract moves from Italy’s UniCredit. Since last year, UniCredit has significantly increased its holdings in its German rival, which has sparked speculation about a potential complete acquisition. However, this…
-
Republic Bank Boosts Pledge to Empower the Volta Region
•
Republic Bank Ghana, a prominent financial entity known for its innovative strategies and customer-centric philosophy, remains dedicated to fostering comprehensive national progress through significant interactions in the Volta Region. These efforts are specifically targeted towards catalyzing changes in agriculture, boosting economic expansion, and enhancing access to financial services. Dr. Benjamin Dzoboku, the Managing Director…
-
National Australia Bank’s credit losses to remain low
•
Its CET1 ratio is expected to rise once it concludes the sale of its stake in MLC Life Insurance. National Australia Bank ’s (NAB) credit losses are anticipated to remain low over the next two years, close to pre-pandemic levels, according to S&P Global Ratings. The Melbourne-headquartered bank reported a 1% increase in cash…
-
MSIG, Bank of China, and China Pacific Seal Bancassurance Deal in Thailand
•
It seeks to capitalize on the $5.2 billion in fresh investment from China set for Thailand in 2024. The Mitsui Sumitomo Insurance Thailand Branch (MSITB) MSIG Insurance (MSI Thailand), (BOC Thailand), and CPIC have entered into a memorandum of understanding to form a strategic alliance. bancassurance partnership in Thailand. This pact is designed to…
-
APAC Banks Lead EU in Digital Adoption, But Branches Still Matter
•
Malaysia and the Philippines expanded their branch networks between 2019 and 2023. Banks in the Asia Pacific region outpace their European peers by a median of 4.5% in digital adoption , although physical branches are not going anywhere for some markets. Digital channels now account for 60% of basic financial product activities across the…