Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
African Union launched continent-wide credit rating agency at Mauritius headquarters
The African Union launched AfCRA in Mauritius to rate sovereigns, companies and financial institutions, seeking wider coverage for 23 African economies without ratings from the three largest global agencies.
Société Générale completed €1.5 billion buyback covering nearly 20 million shares
Société Générale completed its €1.5 billion extraordinary share buyback after repurchasing 19,871,418 shares, which the French bank said would subsequently be cancelled under the programme.
Bradesco Completed R$10 Billion Capital Increase Subscription After Final Auction
Bradesco fully subscribed its R$10 billion capital increase after selling the final receipts at auction, while the enlarged capital base remains subject to approval by Brazil’s central bank.
Vietnamese banks planned nearly $7 billion in new share sales
Vietnamese lenders planned almost $7 billion of share sales through 2027, according to Reuters calculations, as rapid credit growth and tighter capital requirements increased funding needs.
Wall Street banks began syndicating $42 billion of Broadcom-Anthropic senior debt
Bank of America, Citi and Morgan Stanley began syndicating a reported $60 billion financing package supporting Anthropic’s chip leases, including $42 billion of senior secured debt.
Kenya's Family Bank secured $10 million AfDB trade finance line
Family Bank secured a $10 million African Development Bank facility to expand trade finance for Kenyan SMEs and local companies, including women-led businesses across productive sectors.
UAE bank credit surged AED72.4 billion during August, regulator reported
UAE bank credit rose 2.6% by AED72.4 billion to AED2.87 trillion in August, as lending to individuals and companies drove faster balance-sheet expansion across the banking system.
Raiffeisen said Russia exit remained priority despite no expropriation signals
Raiffeisen Bank International said it still sought an orderly Russia exit after cutting loans by 80% and cross-border payments by 95%, while seeing no current signs of expropriation.
Türkiye’s Halkbank pressed ahead with planned secondary offering despite market turmoil
Halkbank’s chief executive said the Turkish lender remained committed to a secondary offering after filing to raise nominal capital by about TRY1.8 billion through new shares.
BBVA Launched Global Wealth and Targeted 15–20% Annual Asset Growth
BBVA launched Global Wealth for 2.4 million clients, combining premium and private-banking segments under one brand while targeting annual growth of 15% to 20% in managed assets.
Trafigura secured $4.4 billion syndicated facilities from 40 global lenders
Trafigura closed $4.4 billion of revolving and term-loan facilities with 40 banks, increasing the package from an initial $3.5 billion as lenders backed longer maturities.
IFC and SMBC launched $500 million emerging-market supply-chain finance facility
IFC and SMBC launched a $500 million facility, funded equally, to extend cheaper working capital to emerging-market suppliers through large buyers’ credit strength across multiple regions.