Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
Mashreqbank UAE Posts AED 9 Billion Net Profit in 2024 as Revenue Rises 24% and ROE Reaches 29%
Mashreqbank's FY2024 net profit hit AED 9bn ($2.45bn), with total operating income up 24% to AED 13.4bn and non-interest income rising 63% as ROE climbed to 29%.
CRDB Bank Tanzania Delivers Record TZS 550.8 Billion After-Tax Profit for 2024, Up 30%
CRDB Bank posted FY2024 profit after tax of TZS 550.8bn, up 30.3% year-on-year, its best-ever annual result, as total assets rose about 25% to TZS 16.6 trillion.
Saudi National Bank Reports FY2024 Net Income of SAR 21.2 Billion as Total Assets Top SAR 1.1 Trillion
Saudi National Bank posted FY2024 net income of SAR 21.2bn, up 6% year-on-year, as total assets reached SAR 1.1 trillion and net financing grew 9% to SAR 654bn.
Alinma Bank Reports FY2024 Net Profit of SAR 5.83 Billion, Up 20.5%, as Total Assets Grow to SAR 276.8 Billion
Alinma Bank posted FY2024 net profit of SAR 5.83bn, up 20.5% year-on-year, as total assets grew 17% to SAR 276.8bn and customer deposits rose 12.1% to SAR 210.5bn.
Banque Saudi Fransi FY2024 Net Income Rises 8% to SAR 4.54 Billion on 35% Q4 Rise
BSF reported FY2024 net income of SAR 4,544 million, up 7.6% year-on-year, with Q4 profit rising 35% as lower impairment charges drove the full-year result.
Emirates NBD Posts Record FY2024 Profit Before Tax of AED 27.1 Billion as Income Surpasses AED 44 Billion for First Time
Emirates NBD reported a record FY2024 profit before tax of AED 27.1bn, up 15% year-on-year, as total income exceeded AED 44bn for the first time and group assets under management exceeded USD 44bn.
SEB Reports Full-Year 2024 Net Profit of SEK 35.87 Billion as ROE Exceeds Target and Bank Announces SEK 11.50 Dividend Per Share
Sweden's SEB posted SEK 35.87bn net profit for 2024, with ROE of 16.2% beating its 15% target, and proposed a combined dividend of SEK 11.50 per share.
Kuwait Finance House Formally Launches KFH Egypt with Full Islamic Banking Operations
Kuwait Finance House formally launched KFH Egypt in late January 2025, completing the rebranding of Ahli United Bank Egypt and establishing the KFH brand in the Egyptian banking market.
Grupo Financiero Banorte Reports Full-Year 2024 Net Income of 56.2 Billion Pesos, Up 7%
Banorte posted full-year 2024 net income of 56.2 billion pesos, up 7% from 2023, with return on equity above 20%.
Saudi Investment Bank reports 2024 net profit of SAR 1.96 billion, up 11%, as loans grow 23%
SAIB's 2024 profit rose 11.07%, with loans and advances up 23.18% to SAR 99.47 billion and total assets up 20.8% to SAR 157.07 billion.
Kuwait Finance House Posts Record FY2024 Net Profit of KD 601.8 Million as Financing Income Rises 18.7%
Kuwait Finance House reported a record FY2024 net profit of KD 601.8 million, up 3.0% year-on-year, as net financing income rose 18.7% to KD 1,147 million.
National Bank of Kuwait Posts FY2024 Net Profit of KD 600.1 Million, Up 7%, as Assets Reach KD 40.3 Billion
National Bank of Kuwait reported FY2024 net profit of KD 600.1 million, up 7% year-on-year, with shareholders' equity at KD 3.9bn and a capital adequacy ratio of 17.3%.