Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Absa Group South Africa Posts FY2024 Headline Earnings of R22.1 Billion, Up 10%
Absa Group reported FY2024 headline earnings of R22.1 billion, up 10%, with an improved credit loss ratio and its R100 billion sustainable finance target met ahead of schedule.
GCB Bank Ghana Posts Record FY2024 Profit Before Tax of GHS 1.91 Billion, Up 25.3%
GCB Bank Ghana delivered record profit before tax of GHS 1.91 billion for FY2024, up 25.3%, with net profit of about GHS 1.2 billion.
FirstRand posts 10% rise in H1 FY2025 normalised earnings to R20.9 billion, with ROE of 20.8%
South Africa's FirstRand grew normalised earnings to R20.9 billion in the six months to December 2024 and raised its interim dividend 10% to 219 cents a share.
Ireland's AIB Group Reports EUR 2.35 Billion Full-Year Profit and EUR 2.6 Billion in Shareholder Distributions
AIB Group posted a EUR 2.35 billion profit after tax for 2024, with RoTE of 26.7%, new lending up 17% to EUR 14.5 billion, and total shareholder distributions of EUR 2.6 billion.
South Africa's Nedbank Reports FY2024 Headline Earnings of R16.9 Billion, ROE Climbs to 15.8%
Nedbank Group posted FY2024 headline earnings of R16.9 billion, up 8%, with ROE rising to 15.8% as non-interest revenue grew and impairment charges fell 17%.
CIMB Group Achieves Record FY2024 Net Profit of RM 7.73 Billion, Up 10.7%, with ROE at 11.2%
CIMB Group posted a record annual net profit of RM 7.73 billion in 2024, up 10.7%, with operating income rising 6.1% to RM22.3 billion.
Belfius Bank Belgium Posts Record EUR 1.127 Billion Net Profit for 2024
Belgium's state-owned Belfius Bank posted a record consolidated net profit after tax of EUR 1.127 billion for 2024, its highest ever annual result.
Grupo Financiero Galicia Reports FY2024 Net Income of ARS 1,618 Billion with ROE Rising to 34%
Argentina's largest private financial group posted FY2024 net income of ARS 1,618 billion, with ROE rising 1,659 basis points to 34%.
Erste Group Austria Reports EUR 3.1 Billion FY2024 Net Profit Driven by CEE Interest Income
Austria's Erste Group posted FY2024 net profit of EUR 3.1 billion, up 4.3%, with net interest income of EUR 7.5 billion and customer loans growing 4.9% across seven CEE markets.
Royal Bank of Canada Posts Record Q1 Fiscal 2025 Net Income of $5.1 Billion, Up 43%
RBC delivered record Q1 FY2025 net income of $5.1 billion, a 43% year-on-year rise, with Wealth Management net income up 48%.
CIBC Reports Q1 Fiscal 2025 Net Income of $2.17 Billion as Revenue Climbs 17%
CIBC posted Q1 FY2025 net income of $2.17 billion, up 26% year on year, with revenue of $7.28 billion and a CET1 ratio of 13.5%.
TD Bank Group Reports Q1 Fiscal 2025 Adjusted Earnings of $3.62 Billion Amid AML Remediation
TD Bank Group reported Q1 FY2025 adjusted net income of $3.62 billion as Wealth Management and Wholesale Banking posted gains during ongoing AML remediation.