Banks (Finance)
The Standard Bank of South Africa Limited has successfully listed its Senior Unsecured Floating Rate Credit Linked Notes, SBC199, on the Johannesburg Stock Exchange (JSE). This new financial instrument, with a total issue size of ZAR117,044,937,613.60, is part of the bank's Structured Note Programme,
Banks (Finance)
Moody's Investors Service has affirmed Eurasian Bank's long-term local and foreign currency bank deposit ratings at Ba2, reflecting the bank's strong capital and liquidity buffers, solid profitability, and low reliance on market funding. However, the rating outlook has been changed to negative from stable,
Banks (Finance)
Capitec Bank Holdings Limited has announced a declaration of preference share dividend for its non-redeemable, non-cumulative, non-participating preference shares. The dividend offers a payment of 454.95 cents per share for the six-month period concluding on August 31, 2025, with distributions scheduled for disbursement on September 22, 2025. This decision
Banks (Finance)
Horizon Bancorp, the parent company of Horizon Bank, has completed a private placement of $100 million in aggregate principal amount of 7.00% Fixed-to-Floating Rate Subordinated Notes due 2035. The net proceeds of the placement will be used for general corporate purposes, including the potential repositioning of its balance sheet,
Banks (Finance)
Korean banking stocks have taken a significant hit in recent months, with the four major banking groups experiencing an average share price decline of 11.7 percent. The urgency for the leaders of KB, Shinhan, Hana, and Woori Financial Groups to reassure foreign investors has intensified ahead of potential meetings
Banks (Finance)
Bank of Baroda, one of India's largest public sector banks, has announced a rate cut on select products of car and mortgage loans, aiming to boost credit growth and support economic expansion. The rate reduction is effective immediately, with the floating car loan interest rate now starting at
Banks (Finance)
Sri Lankan banks have issued fresh warnings to customers about an increase in phishing scams targeting online banking users. According to notices released this week, scammers are sending links through emails and text messages that direct users to fake websites designed to steal personal and financial information. Authorities said the
Banks (Finance)
Zopa, the digital bank, is now offering an impressive 7.10% Annual Equivalent Rate (AER) on its regular savings account, allowing savers to deposit up to £300 each month, with a total maximum deposit of £3,600 over 12 months. At the specified rate, a max £3,600 deposit would
Banks (Finance)
The Johannesburg Stock Exchange has received a company announcement from the Standard Bank of South Africa Limited regarding the adjustment of the "Spread(t)" for floating rate listed notes due 28 February 2027. The Notice is given to all holders of the SSN174 ZAR75,000,000 floating rate
Banks (Finance)
The Bank of Ghana (BoG) has issued a new directive aimed at enhancing Anti-Money Laundering (AML) measures by mandating stricter documentation requirements for importers dealing in foreign currency. As part of these measures, importers must provide comprehensive sets of endorsed documents to support any foreign currency transactions related to their
Banks (Finance)
Nigerian banks are facing significant challenges as regulators prepare to withdraw systemwide forbearance measures that have underpinned the sector since the country's last major financial shock. The expiry of loan forbearance by the middle of 2025 will trigger the reclassification of large volumes of risky loans, raising impaired
Banks (Finance)
Despite the improving third-quarter earnings of Canada's Big Five banks, analysts at The Successful Investor recommend diversifying beyond the banking sector. Canadian non-bank financials, with their focus on sustainable dividends, are poised to thrive despite economic risks. The TSI Dividend Sustainability Rating System identified seven leaders in this
