Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
VersaBank receives final approval for reorganisation, targeting completion on 13 November
VersaBank has received the Federal Reserve approval that completes its regulatory requirements for the reorganisation, and is targeting 13 November 2026 for completion after a minimum 15-calendar day waiting period.
GTCO nine-month profit falls 12.16% to N614.57 billion as interest costs rise
GTCO's profit after tax for the first nine months of 2026 fell to N614.57 billion from N699.64 billion, as interest expenses rose 27.7% and net interest income slipped.
Six big Chinese state-owned banks lift interim payout ratio to 31% for first time
The six large state-owned banks plan cash dividends of about CNY 220.989 billion, a new historical high, after interim payout ratios long held at 30% moved collectively higher.
German banks tighten corporate credit standards again, with net share at +6%
The net share of German banks tightening corporate credit standards fell to +6% in the third quarter of 2026 from +10% in the previous quarter, the Bundesbank's October survey showed.
Fitch upgrades Bank of China's viability rating to 'bbb+' and affirms 'A' rating
Fitch Ratings raised Bank of China's Viability Rating to 'bbb+' from 'bbb' on 27 October while affirming its Long-Term Foreign-Currency Issuer Default Rating at 'A' with a Stable Outlook.
HSBC lifts third-quarter pre-tax profit 32% to $9.6 billion and announces $1 billion buyback
Europe's largest bank reports third-quarter pre-tax profit of $9.6 billion, up 32% year on year, and announces a share buyback of up to $1 billion to be completed by the end of the year.
Shinhan Bank reports 8.6% rise in third-quarter operating profit to 1.59 trillion won
Shinhan Bank's third-quarter net profit rose 12.5% to 1.23 trillion won, while Hana Bank reported faster operating profit growth of 13.6%.
Revolut launches UK personal loans of £2,000 to £25,000 and plans credit cards
Revolut's unsecured loans range from £2,000 to £25,000 at rates of 6.9% to 29.3%, and the bank intends to launch a credit card product in the near future.
Housing Bank for Trade and Finance lifts nine-month profit as lending grows 10.2%
The group's net profit after tax edged up on the year, while net direct credit facilities grew by 10.2% and the capital adequacy ratio stood at 18.8%.
Loans at listed Saudi banks rise 6.37% to SR3.31 trillion in third quarter
Lending at banks on the Saudi Exchange's main market grew 6.37% year on year to SR3.31 trillion, while customer deposits rose 4.7% to SR3.09 trillion, a slower pace than loans.
AIIB lends USD80 million in first nonsovereign green loan to Khan Bank
The five-year senior unsecured loan is AIIB's first investment in a Mongolian financial institution, with Korea Development Bank and Asian B-loan participants adding a further USD50 million.
India plans stake sales in four state-run banks to 75% and a fresh consolidation round
The government is considering cutting its holdings in four public sector banks to 75% through an offer for sale, with the first phase of the exercise expected to be completed within a year.