Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Brazil's Nu Holdings Nearly Doubles Full-Year Net Income to $1.97 Billion as Revenue Surges 43%
Nu Holdings reported FY2024 net income of $1.97bn, up 91% year-on-year, as revenue climbed 43% to $11.5bn and its customer base crossed 114 million.
Banco do Brasil Posts FY2024 Adjusted Net Income of BRL 37.9 Billion, Delivers on 2024 Guidance
Banco do Brasil reported FY2024 adjusted net income of BRL 37.9 billion, up 6.6%, with ROE of 21.4% and an expanded loan portfolio of about BRL 1.3 trillion, delivering on its 2024 guidance.
UOB Group Achieves Record FY2024 Net Profit of SGD 6.0 Billion on Fee Growth and Citi Integration
UOB Group reported a record FY2024 net profit of SGD 6.0 billion, up 6% year on year, as fee income climbed and it completed the integration of Citi's consumer business in Thailand.
CIB Egypt Posts FY2024 Net Income of EGP 55.2 Billion, Becoming First Egyptian Private Bank to Top $1 Billion
Commercial International Bank Egypt reported FY2024 net income of EGP 55.2bn, up 86% year-on-year, becoming the first Egyptian private-sector bank to exceed $1bn in annual net income.
HSBC Reports FY2024 Pre-Tax Profit of $32.3 Billion and $26.9 Billion in Shareholder Distributions
HSBC delivered full-year 2024 pre-tax profit of $32.3 billion, up 6%, and returned $26.9 billion to shareholders through dividends and buybacks on revenue of $65.9 billion.
Al-Ahli Bank of Kuwait grows FY2024 net profit 16% to KD 52.41 million
ABK's board proposed a 10 fils cash dividend and 5% bonus shares after earnings per share rose 17% to 21 fils and operating profit climbed 11% to KD 107.41 million.
NatWest Group Reports FY2024 Attributable Profit of £4.5 Billion as RoTE Hits 17.5%
NatWest posted FY2024 attributable profit of £4.5 billion with RoTE of 17.5%, distributing £4 billion to shareholders and raising its dividend payout ratio target to around 50%.
Commerzbank Reports FY2024 Net Profit of €2.68 Billion Amid UniCredit Takeover Uncertainty
Commerzbank posted a 20% rise in FY2024 net profit to €2.68 billion and proposed a €0.65 dividend plus €400 million buyback, as UniCredit's stake approached 28%.
Bank Rakyat Indonesia Reports FY2024 Net Profit of IDR 60.64 Trillion on MSME Lending Strength
BRI posted FY2024 consolidated net profit of IDR 60.64 trillion, with MSME loans comprising 81.97% of its portfolio and total assets reaching IDR 1,993 trillion.
Barclays Reports FY2024 Profit Before Tax of £8.1 Billion, Announces £1 Billion Buyback
Barclays posted FY2024 profit before tax of £8.1 billion, up 24%, meeting its 2024 RoTE target of above 10% and announcing total capital distributions of £3.0 billion in relation to 2024.
KBC Group Reports Full-Year 2024 Net Profit of €3.415 Billion Helped by One-Off Q4 Tax Benefit
KBC Group posted FY2024 net profit of €3.415 billion, slightly above 2023, as a Q4 result of €1.116 billion, helped by commercial momentum and a €318 million one-off tax benefit, lifted the total.
ABN AMRO Reports Full-Year 2024 Net Profit of €2.4 Billion with ROE of 10.1%
ABN AMRO posted FY2024 net profit of €2.4 billion with an ROE of 10.1%, as Q4 net interest income reached €1.668 billion and the bank proposed a final dividend of €0.75 per share.