Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Scotiabank lifts Q1 adjusted profit 14% as earnings grow across all business lines
Bank of Nova Scotia's fiscal first-quarter adjusted net income rose to C$2.7 billion and adjusted EPS to C$2.05, with reported profit more than doubling from a year earlier.
KakaoBank Posts Record FY2025 Net Profit of KRW 480.3 Billion as Non-Interest Income Surpasses KRW 1 Trillion
South Korea's KakaoBank reported a record KRW 480.3 billion net profit for FY2025, up 9.1% year-on-year, as non-interest income exceeded KRW 1 trillion for the first time.
South Africa raises ZAR 11.8bn in first infrastructure and development finance bond auction
National Treasury sold 10- and 15-year infrastructure bonds at auction, drawing bids of more than ZAR 26bn, with proceeds earmarked for projects under the Budget Facility for Infrastructure.
Mizuho Financial Group Raises FY2025 Profit Guidance 10.7% to JPY 1.13 Trillion After First Half
Mizuho Financial Group lifted its FY2025 full-year profit target 10.7% to JPY 1.13 trillion, implying 27.6% YoY growth, after H1 profit rose 21.8% to JPY 689.9 billion on rate hike and fee tailwinds.
ANZ reports first full-year results including Suncorp Bank, with customer migration planned by June 2027
ANZ said it had realised about A$30 million of Suncorp Bank synergies since completion, with most of the targeted A$500 million expected in FY28, as it reported FY25 cash profit of A$5.8 billion.
KakaoBank Achieves Record Nine-Month Profit of KRW 375.1 Billion in 2025 as Deposits Grow 21%
KakaoBank's cumulative nine-month 2025 net profit reached a record KRW 375.1 billion, up 5.5% year-on-year, as deposit balances grew 21% and non-interest income rose 26.7%.
Commerzbank lines up share buyback of up to EUR 1 billion after ECB approval as UniCredit presses stake
Commerzbank secured ECB approval on 24 September 2025 for a share buyback of up to EUR 1bn, a month after UniCredit lifted its equity stake in the German lender to 26%.
Banque Misr FY2024 Net Profit Surges 54% to EGP 81.3 Billion as Assets Climb to EGP 3.6 Trillion
Egypt's Banque Misr reported FY2024 net profit of EGP 81.3bn, up 54% year-on-year, as total assets rose 41% to EGP 3.6 trillion, with deposits and loans also expanding.
Wema Bank completes N150 billion rights issue, meets CBN N200 billion capital requirement
The Nigerian lender said its oversubscribed rights issue had received CBN and SEC approval, lifting qualifying capital to N214.7 billion ahead of the March 2026 recapitalisation deadline.
Nigerian banks raise N800 billion in 2025 as recapitalisation drive continues, Agusto & Co says
Agusto & Co's 2025 banking industry report says eight banks had met the Central Bank of Nigeria's new minimum capital requirement by the end of July, with a further N900 billion expected before year-end.
Australia's Judo Bank Reports FY2025 Net Profit of A$86.4 Million as Loan Book Grows to A$12.5 Billion
Judo Bank reported a 24% rise in statutory net profit after tax to $86.4 million for FY2025, with its SME-focused loan book growing 16% to $12.5 billion.
I&M Group Kenya Q1 2025 Profit After Tax Climbs 16.7% to KES 4.2 Billion
I&M Group posted Q1 2025 PAT of KES 4.2 billion, up 16.7% year-on-year, with NII growing 11.9% to KES 9.4 billion and total operating income rising 12% to KES 13 billion.