Banks (Finance)
The Monetary Policy Committee (MPC) of the Bank of Ghana has opted to keep the policy rate unchanged at 28 percent following its 124th scheduled meeting. The committee reached this decision unanimously after assessing recent economic developments. Despite signs of easing inflationary pressures, the Governor of the Central Bank, Dr
Banks (Finance)
Abu Dhabi Islamic Bank - Egypt, trading under the symbol ADIB.CA, has recently made significant announcements regarding a stock dividend distribution and an increase in authorized capital. The bank's listing date for the stock dividend is set for May 21, 2025, with the dividend due date scheduled
Banks (Finance)
Faisal Islamic Bank of Egypt's stock has seen a 4.67% decline in value year-to-date, closing at $1.02 on May 22, 2025. The bank's total paid capital stands at $392.32 million, with a market capitalization of $400.16 million. The stock's performance
Banks (Finance)
The UK inflation rate soared to a 15-month high in April, reaching 3.5 percent, driven by sharp increases in energy and tax bills. This unexpected surge has raised concerns among policymakers that the Bank of England may not be able to reduce borrowing costs as significantly as anticipated, amid
Banks (Finance)
The Iraq Stock Exchange (ISX) announced its latest market performance for the Primary Market on May 22, 2025, revealing a stagnant trading session for the Iraqi Middle East Investment Bank (BIME). The BIME stock, under the symbol "Aoset", maintained its previous closing price without registering any fluctuations, closing
Banks (Finance)
The central bank of Bangladesh, led by Governor Dr. Ahsan H. Mansur, has stressed the need to strengthen foreign exchange reserves and improve the performance of the banking sector. According to the governor, the country's foreign exchange reserves are expected to reach between $27 and $30 billion by
Banks (Finance)
Bank of America's digital banking platform, CashPro, has seen a significant surge in QR sign-ins, with over 2 million uses and a 60% growth in adoption over the last year. This technology, introduced in 2022, allows clients to sign in using their mobile phone to scan a QR
Banks (Finance)
The UAE Ministry of Industry and Advanced Technology (MoIAT) has secured over AED 40 billion in bank partnerships to drive industrial innovation, with five Memoranda of Understanding (MoUs) signed between the ministry and leading national banks. These partnerships aim to stimulate investments in industry and advanced technology, offer tailored financing
Banks (Finance)
The loan growth in Thailand's banking sector is anticipated to decelerate in the second quarter this year, attributed to increasing uncertainty surrounding global trade policies. This projection is based on the assessment of an executive at the Bank of Thailand, who highlighted that total loans in the banking
Banks (Finance)
Moody's Investors Service has upgraded Hypo-Bank Burgenland AG's (Bank Burgenland) long-term issuer ratings to A2 from A3 and its short-term issuer ratings to P-1 from P-2. The affirmation of the bank's A2/P-1 long- and short-term deposit ratings and its A1/P-1 long- and
Banks (Finance)
HSBC customers are being told to "review" their savings as the bank makes a huge change to eight bank accounts within weeks. The high street bank is slashing interest rates across eight of its popular saving accounts from June, as the base rate is cut by 0.25
Banks (Finance)
The Ghanaian cedi has continued its positive trend, appreciating by nearly 19% between April and May 2025, thanks to coordinated fiscal discipline and stringent monetary policy measures. The Bank of Ghana has expressed confidence in the cedi's stability, citing improved market sentiment, external sector gains, and prudent monetary
