Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Investec South Africa tightened airport lounge access rules requiring monthly deposits
Investec in South Africa changed its airport lounge policy so clients had to meet monthly deposit requirements to access unlimited visits, a shift reported by Moneyweb SA.
Indian smaller lenders paid over 7 percent on USD deposits to attract FCNR(B) funds
Smaller Indian banks offered more than 7 percent on US dollar FCNR(B) term deposits after the RBI proposed measures to boost dollar inflows, prompting a scramble for foreign currency deposits.
World Bank said UAE and GCC economies were set to rebound in 2026-27
The World Bank said the UAE and other GCC economies were forecast to rebound in 2026-27 after slower growth in 2026, reflecting a regional outlook released by the institution.
Intesa Sanpaolo Launched Takeover Bid for MPS and Reshaped Italian Banking
Intesa Sanpaolo launched a takeover bid for Monte dei Paschi di Siena, a deal that the report said would have made Intesa the second largest bank in Europe.
Investec tweaked airport lounge access and tied unlimited visits to deposits
Investec changed its airport lounge access rules and required clients to meet monthly deposit requirements to unlock unlimited visits, a move that altered benefit eligibility for premium account holders.
Kenya's Credit Bank Allocated Kshs 1bn To Support Small Business Lending
Credit Bank allocated Kshs 1bn to boost lending to small and medium enterprises, aiming to expand credit access for Kenyan SMEs and support business growth, Africa Business Communities reported.
Credit Bank allocated Kshs 1bn to Kenyan SMEs to boost lending
Credit Bank allocated Kshs 1bn for SME financing in Kenya, aiming to expand access to credit for small and medium enterprises and to support business growth, the lender announced.
Standard Bank's Jacques Els Discussed Mindset Driving Africa's First-Generation Wealth
Jacques Els, head of wealth and investment at Standard Bank, discussed the rise of first-generation wealth in Africa and identified three archetypes that were driving wealth creation and shaping client needs.
World Bank Director Said Nigeria Could Grow Seven to Eight Percent Annually
World Bank Nigeria director Mathew Verghis told African Banker that Nigeria could expand output at a 7 to 8 percent annual pace, and that policymakers could be more ambitious on growth.
Canara Bank Raised MCLR on Short Tenors Amid Tight Liquidity in India
Canara Bank raised its marginal cost of funds based lending rate for overnight to six-month tenures by 5 basis points, citing tight liquidity conditions while longer tenors stayed unchanged.
China's investment clampdown clouded outlook for Hong Kong banks and insurers
Beijing's recent restrictions on outbound and domestic investment, reported by The Japan Times, clouded the near-term profit and growth outlook for Hong Kong banks and insurers and weighed on investor sentiment.
Access Holdings Shifted from Acquisitions to Returns, Aimed to Be Nigeria's Standard Bank
Access Holdings' chairman Aigboje Aig-Imoukhuede said the group had ended its aggressive acquisition phase and was refocusing on value creation and shareholder returns while aspiring to be Nigeria's equivalent of Standard Bank.