Banks (Finance)
Africa's digital payments space is witnessing a seismic shift as telcos like MTN, Orange, and Safaricom expand their presence in the banking sector. With over 290 million subscribers across the continent, MTN is leading the charge, offering a range of financial services from savings and loans to insurance
Banks (Finance)
The secured lending market, valued at USD 12.4tn in 2023, is poised to grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2033, reaching a staggering USD 34.3tn by 2033, according to a report by Allied Market Research. This rapid growth can be
Banking industry
ICICI Bank has reported a substantial increase in its financial performance for the second quarter ended September 30, 2024 (Q2FY25). The bank's consolidated income has risen by 27.32% to Rs 72942.55 crore, while its net profit has increased by 14.47% to Rs 11745.88 crore
Bank of Canada
The Bank of Canada's Monetary Policy Report suggests that the bank's tight monetary policy has worked to reduce price pressures in the Canadian economy. However, the evidence shows that price stability was not restored by the bank's interest rate hikes, but rather by the
Bank of Canada
The Bank of Canada delivered an oversized interest-rate cut on Wednesday, lowering the benchmark policy rate by half a percentage-point to 3.75 per cent, in an attempt to engineer a soft landing for the Canadian economy. This move follows a string of data showing that both inflation and economic
Banking industry
The Lloyds Bank branch in Swindon town centre is set to close its doors on October 25 for a period of approximately five weeks until November 28. During this time, customers are advised to use the nearest branch on High Street in Old Town or visit a local Post Office,
Banks (Finance)
Metropolitan Bank Holding Corp, the parent company of Metropolitan Commercial Bank, reported a net income of $12.3 million, or $1.08 per diluted common share, for the third quarter of 2024. This represents a decrease from the second quarter of 2024, where the company reported a net income of
Banks (Finance)
A significant decrease in UK inflation rate has brought welcome news for millions of families. According to the latest economic update, the inflation rate has slowed to 1.7% in September, the lowest since October 2022, and has slipped below the Bank of England's target of 2% for
Banking industry
Mercantile Bank Corporation has announced its financial results for the third quarter and nine months of 2024, showcasing a significant increase in total assets and deposits. Despite a slight decline in net income, the bank reported a strong performance in loan growth and deposit expansion. As of September 30, 2024,
Bank loans
Banks in the Philippines reduced their exposure to the local property sector in the second quarter, but the proportion of soured home loans remained elevated. The Bangko Sentral ng Pilipinas reported that real estate loans accounted for 19.92% of the total loan portfolio as of end-June, a slight decrease
Bank holding companies
Metropolitan Bank Holding Corp., the parent company of Metropolitan Commercial Bank, has announced that it will release its third quarter 2024 financial results on October 17, 2024. The company will hold a conference call at 9:00 a.m. ET on October 18, 2024 to review the results. This event
Banking industry
National Bank Holdings Corporation, a leading community bank franchise, has announced its plans to release its third quarter financial results. The company expects to report its results after the market closes on Tuesday, October 22, 2024. A conference call will be held on Wednesday, October 23, 2024, at 11:00
