Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
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.
BBVA completed €1 billion first tranche of new share buyback
BBVA completed the first €1 billion tranche of its new €2 billion share buyback, repurchasing 40.2 million shares equal to about 0.73% of its capital.
Artisan urged UBS to leave Switzerland over proposed capital rules
Artisan Partners urged UBS to leave Switzerland, arguing proposed rules would add $16 billion of non-earning core capital and erase about $36 billion of market value.
Mizuho and IFC launched $1 billion Asia-Pacific supply-chain finance facility
Mizuho Bank and IFC launched a three-year $1 billion risk-sharing facility for Asia-Pacific supply-chain finance, with IFC providing up to $500 million to support suppliers and distributors.
Julius Baer approved CHF600 million buyback under revised capital policy
Julius Baer approved a buyback of up to CHF600 million, expected to begin within weeks and finish within a year, while targeting a 15% CET1 ratio.
UK bank shares fell sharply as gilt yields hit 1998 high
NatWest, HSBC, Barclays and Lloyds shares dropped roughly 4% to 5.4% as long-term gilt yields climbed and investors feared fresh bank taxes before the UK budget.