Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Vietnam’s HDBank set 30% stock distribution and October record date
HDBank fixed 12 October as the record date for a 25% stock dividend and 5% bonus share issue, lifting paid-up capital from VND50.05 trillion to about VND65.07 trillion.
Merrill Lynch agreed $39 million retirement cash-sweep settlement in US
Bank of America’s Merrill Lynch agreed to pay $39 million to settle retirement-account claims over near-zero rates on swept cash, subject to approval by a Manhattan federal judge.
Thirty Development Banks Adopted Expanded Methodologies for Mobilising Global Private Finance
Thirty multilateral development banks and finance institutions endorsed expanded joint methodologies covering mobilisation, generation and future catalysation measures, aiming to improve how private finance for emerging markets is counted.
GCR Affirmed Bank Windhoek Ratings With Stable Outlook Across Two Markets
GCR affirmed Bank Windhoek's Namibian and South African ratings with stable outlooks, with the bank pointing to its sound capitalisation, adequate liquidity and established position in Namibia.
Azul drew R$1.3 billion from BNDES under long-term aviation facility
Brazilian airline Azul drew about R$1.3 billion under a BNDES facility worth up to R$2.66 billion, using part of the proceeds to refinance a higher-cost obligation.
TD Bank planned C$10 billion buyback after completing previous repurchase
TD Bank said it intended to repurchase up to C$10 billion of shares by July 2027, subject to regulatory approval, after completing a C$7 billion programme in September.
Commonwealth Bank Extended Regional Branch Moratorium Across Australia Through 2030
Commonwealth Bank committed to keep 281 regional branches open until at least December 2030 and invest A$140 million in FY27 upgrades across its Australian branch network.
BBVA approved record EUR0.37 interim dividend after strong first-half earnings
Spain's BBVA approved a record EUR0.37-per-share interim dividend for 2026, worth about EUR2 billion and payable on 15 October, following record first-half attributable profit of EUR6.05 billion.
DBS and ING underwrote S$1.72 billion London office refurbishment loan
DBS and ING equally underwrote a S$1.72 billion development loan for One Spitalfields, financing a major London office refurbishment targeting top sustainability certifications for the asset.
Côte d’Ivoire’s SIB increased first-half net income 9% to CFA32.1 billion
Société Ivoirienne de Banque raised first-half net income 9% to CFA32.1 billion, as net banking income grew 4% and its cost of risk fell sharply.
Japan’s SMFG approved share exchange for SMBC Nikko holding structure
SMFG approved a statutory share exchange that will place SMBC Nikko under a new intermediate holding company from 1 October, supporting governance of its Japanese equities businesses.
South Africa’s Capitec lifted first-half headline earnings 19% to R9.5 billion
Capitec increased headline earnings 19% to R9.5 billion in the six months ended August, as net non-interest income rose 21% and its interim dividend also rose 19%.