Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
OCBC Posts Record SGD 7.59 Billion Net Profit in FY2024 as Total Income Tops SGD 14 Billion for First Time
OCBC's full-year 2024 net profit rose 8% to a record SGD 7.59 billion, with total income exceeding SGD 14 billion for the first time and plans to return SGD 2.5 billion to shareholders.
National Bank of Bahrain Records FY2024 Net Profit of BHD 81.9 Million, Up 4%
National Bank of Bahrain posted FY2024 net profit of BHD 81.9 million (USD 217.3 million), up 4% year on year, with total comprehensive income up 22%.
Maybank Posts Record FY2024 Net Profit of RM 10.09 Billion, Up 7.9%
Maybank reported record full-year net profit of RM 10.09 billion for 2024, a 7.9% rise, with profit before tax up 9.3% as net operating income and improved impairment allowances supported the result.
Scotiabank Q1 Fiscal 2025 Adjusted Earnings Rise 7% but $1.36 Billion LatAm Impairment Depresses Reported Profit
Scotiabank posted Q1 fiscal 2025 adjusted net income of $2.36bn, up 7% year-on-year, but a $1.36bn impairment on a planned LatAm divestiture cut reported profit to $993m.
Canada's BMO Financial Group Posts 65% Rise in Q1 Fiscal 2025 Net Income on Record Capital Markets Revenues
BMO Financial Group reported Q1 fiscal 2025 net income of $2.14bn, up 65% year-on-year, with adjusted EPS of $3.04 beating consensus on record Capital Markets revenues.
Attijariwafa Bank Morocco Reports FY2024 Net Income of MAD 11.7 Billion, Up 29%
Attijariwafa Bank reported full-year 2024 consolidated net income of MAD 11.7 billion, up 28.9%, as net banking income climbed 15.2% to MAD 34.5 billion.
Raiffeisen Bank International Austria Reports FY2024 Consolidated Profit Down 51% Amid Russia Exit Pressure
Austria's RBI posted FY2024 consolidated profit of EUR 1.16 billion, down 51.5%, as challenges surrounding its Russian and Belarusian operations continued to weigh on group earnings.
Bank of Ireland Reports FY2024 Profit Before Tax of EUR 1.9 Billion with Adjusted RoTE of 16.8%
Bank of Ireland posted full-year 2024 profit before tax of EUR 1.9 billion, an adjusted return on tangible equity of 16.8%, and shareholder distributions of EUR 1.2 billion.
BDO Unibank Posts FY2024 Net Income of PHP 82 Billion
BDO Unibank reported FY2024 net income of PHP 82.0 billion, up 12% year on year, driven by solid performance across its core businesses, with net interest income and non-interest income both up 8%.
Bancolombia Reports FY2024 Net Income of COP 6.3 Trillion With ROE of 15.8%
Bancolombia reported FY2024 net income of COP 6.3 trillion, up 2.5%, with Q4 ROE of 15.7% and Q4 provisions falling 41.5% quarter-on-quarter.
Standard Chartered Posts Record FY2024 Income of $19.7 Billion and Announces $1.5 Billion Buyback
Standard Chartered posted record income of $19.7 billion in 2024, with underlying pre-tax profit up 20% to $6.8 billion and a new $1.5 billion buyback announced.
Lloyds Banking Group FY2024 Statutory Profit Falls 19% to £4.5 Billion as Motor Finance Provision Weighs
Lloyds Banking Group's statutory profit after tax fell 19% to £4.5 billion in 2024, hit by a motor finance commission provision, though the ordinary dividend rose 15% to 3.17 pence per share.