The Global Banker — Banking Industry News &amp; Intelligence

Lebanon's Constitutional Council unanimously struck down disputed banking reform provision

Australian dollar climbs to three-week high as RBA's Hauser calls inflation outlook 'materially worse'

Alinma Bank’s quarterly profit slipped as credit provisions rose sharply

Bank of Cyprus declares €0.24 interim dividend as SSM moves to drop approval rule

OCB appoints Duong Duc Hung as general director from 26 October 2026

Hungary arrests former central bank governor Matolcsy over fraud inquiry

CIMB steps up CIMB Niaga delisting push; privatisation implies 2.95 trillion rupiah

Standard Bank nine-month earnings rise 8.5% to R38.966 billion

Emirates NBD reports record Dh42.2bn nine-month income as lending drives 15% rise

Ukrainian anti-corruption bodies search home of National Bank governor Pyshnyy

Coris Bank appointed Kaboré and Tchanguaï to Côte d’Ivoire leadership

Emirates NBD posted flat quarterly profit as lending expanded sharply

Morningstar DBRS raised BBVA’s long-term issuer rating to AA (low)

AFG Holding moved to acquire majority stake in Chad housing bank

JPMorgan facilitated Syria's first letter of credit in 14 years

Al Rajhi Bank nine-month profit rose 13.3% to SAR20.87 billion

Commercial Bank Qatar nine-month profit fell 13.8% as provisions rose

Commercial Bank Qatar's nine-month net profit fell 13.8% to QAR1.54 billion after net provisions increased 62.5%, outweighing higher net interest income and customer loan growth.

Brazil added R$6.49 billion to export guarantees under Brasil Soberano

Brazil opened R$6.49 billion in extraordinary credit for the Export Guarantee Fund, extending state support for financing to exporters and suppliers under the Brasil Soberano programme.

Alinma Bank’s quarterly profit slipped as credit provisions rose sharply

Alinma Bank’s third-quarter profit slipped 0.2% to SAR 1.59 billion as credit-loss provisions climbed 56%, although nine-month profit still increased 4% and financing income continued to expand.

Bank of Cyprus declares €0.24 interim dividend as SSM moves to drop approval rule

Bank of Cyprus sets a €0.24 per share interim dividend, up 20% year on year, while supervisors move to replace Greek banks' approval requirement with notification from the 2026 financial year.

OCB appoints Duong Duc Hung as general director from 26 October 2026

Orient Commercial Bank names Duong Duc Hung, who has more than 20 years in banking and finance, as General Director from 26 October 2026, alongside Chris Shayan as Chief Operating Officer.

Coris Bank appointed Kaboré and Tchanguaï to Côte d’Ivoire leadership

Coris Bank International appointed Alassane Kaboré chief executive and Nikada Tchanguaï deputy chief executive of its Côte d’Ivoire subsidiary, strengthening leadership of the group’s largest operation.

Truist Split Consumer Leadership as Wilson Prepared to Leave Bank

Truist divided its consumer and small-business leadership roles, appointed Shimna Sameer and Jeff Warner, and said incumbent Dontá Wilson would leave the US lender at year-end.

NatWest appoints Isabelle Girolami CEO of C&I from 1 January 2027, subject to approval

Isabelle Girolami, currently Head of Corporate & Institutional Banking, will lead Commercial & Institutional from 1 January 2027, while Walid Assaf of Crédit Agricole CIB is to succeed Jonathan Peberdy as CEO of Markets.

19 October 2026

The quarterly review of global banking

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Q4 2026: Record profits, on a tightrope

The first half paid banks well for volatility, wealth and lending. The rate cycle has now turned, and the second half will test which of those engines keeps running.

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AFG Holding moved to acquire majority stake in Chad housing bank

AFG Holding agreed to become the majority shareholder in Banque de l’Habitat du Tchad through a recapitalisation approved on 14 October, subject to regulatory clearance.

Prudential agreed $4.03 billion Brazil and Mexico insurance sale to CNP

Prudential Financial agreed to sell its Brazil and Mexico insurance businesses to CNP Assurances for $4.03 billion in cash, with closing expected in the second half of 2027.

Vodacom retained Safaricom control while Kenya appeal moved to fast track

Vodacom remained Safaricom’s registered controlling shareholder at roughly 55%, after Kenya’s Court of Appeal preserved the disputed shares and payment while expediting the substantive case.

Banque du Caire’s Egypt offering reached 42% first-day subscription coverage

Banque du Caire’s public tranche reached 42% subscription coverage on its opening day, while Egypt’s wider offering targets 4.575 billion existing shares representing 30% of issued capital.

Google Cloud ended London incident after power event disrupted UK banks

Google ended the London cloud incident after a power event disrupted applications at Revolut, Lloyds, Halifax and HSBC, although its status page said a very small number of customers remained affected.

Google Cloud outage disrupts Revolut payments and app access across Europe

Revolut reported partial outages across card payments, cash withdrawals, transfers and account access as a Google Cloud disruption affected its London region and other European services.

Huntington launched Google-powered AI operating system for US small businesses

Huntington launched its 1866 Studio, using Google Cloud’s Gemini platform to give US small-business owners AI workflows for planning, marketing and financing readiness, with early-access registration opening on 19 October.

Mynt shares rose on record Philippine GCash IPO market debut

Mynt shares rose as much as 2.4% on their Philippine debut after the GCash owner completed a record initial public offering that raised 60.9 billion pesos.

Lebanon's Constitutional Council unanimously struck down disputed banking reform provision

Lebanon's Constitutional Council annulled Article 3 of Law 71 and removed two further clauses, leaving bank-restructuring powers under the Code of Money and Credit framework.

FCA banned former Vector Wealth chief over £4 million investor losses

The FCA banned former Vector Wealth chief executive Jeffrey Dawkins and fined him nearly £270,000 after misconduct linked to mini-bonds expected to cost investors about £4 million.

BaFin fined Nomura €320,000 over delayed Commerzbank voting-rights disclosures in Germany

Germany's BaFin fined Nomura Holdings €320,000 for late voting-rights notifications linked to Commerzbank, an enforcement action connected with UniCredit's politically sensitive stake-building period during 2026.

UK CMA proposed lower Apple contactless access fees for payment rivals

Britain’s competition regulator proposed lower fees and broader NFC access on iPhones, where contactless transactions represent 39% of payments, while Apple warned of weaker privacy and security protections.