Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Malaysia's 1MDB and Deutsche Bank moved towards proposed US$1.1 billion settlement
Counsel said Malaysia's High Court had been informed of a proposed settlement process for 1MDB's US$1.1 billion Deutsche Bank lawsuit, with a hearing remaining on 26 October.
London Coalition issued two guides for sovereign debt restructurings by private lenders
The London Coalition on Sustainable Sovereign Debt published two voluntary guides for banks, other loan creditors and export credit agencies, aiming to improve coordination in sovereign debt restructurings.
mBank switched new Polish mortgage benchmark from WIBOR to POLSTR
Poland’s mBank began offering new variable-rate mortgages linked to compounded one-month POLSTR on 7 October, while withdrawing WIBOR-linked home loans from its new-business range for retail customers.
Peru's BCP Priced First International Bond of 2026 as Tier 2 Notes
Banco de Crédito del Perú priced its first international bond of 2026, issuing US dollar-denominated Tier 2 subordinated notes after Fitch assigned the transaction an expected BBB- rating.
VPBank completed stock dividend and lifted Vietnam charter capital to VND100 trillion
VPBank completed a 2.067 billion-share stock dividend, increasing outstanding shares to 10 billion and lifting charter capital from VND79.339 trillion to VND100 trillion in the first phase of its 2026 capital plan.
Goldman executives' five-year equity awards approached projected $500 million value
About 20 Goldman Sachs executives were in line for five-year equity awards currently projected around $500 million, although the final value will be set later in October and could change.
Airtel Money began conditional trading after £5.3 billion African listing
Airtel Money began conditional London trading at £1.96, rose as much as 2%, and was quoted at £2, valuing the pan-African payments company at £5.3 billion.
QNB increased nine-month profit as Qatar lending and revenue grew
QNB increased nine-month net profit by 4% to QAR13.3 billion as operating income and lending grew, while its non-performing loan ratio stood at 2.7% in September.
Singapore’s DBS, OCBC and UOB fell sharply as rate fears spread
Shares in Singapore’s three largest banks fell between 4.3% and 5.2% as investors reassessed funding costs, trading-book risks and rich valuations after a record rally.
Crédit Agricole detailed German retail expansion targeting two million customers by 2028
Crédit Agricole plans to double its German customer base to two million by 2028, beginning with digital current accounts and savings products before broadening its retail offering.
BNDES Approved R$300 Million Aurora Export Loan Under Brasil Soberano
BNDES approved R$300 million for Aurora Coop under Brasil Soberano, providing export working capital as the Brazilian food producer diversifies pork and poultry markets disrupted by conflict in the Persian Gulf.
Guinea’s AFG Bank secured €60 million Proparco package for SMEs
AFG Bank Guinée signed a €60 million Proparco financing package, combining a €35 million SME loan with €25 million of trade-finance guarantees for Guinean businesses.