Banking News
The latest developments, earnings reports, and strategic shifts across global banking.
MCB Group Mauritius Reports Rs 16B Net Profit in FY2024, Up 13.5%, as Market Cap Surpasses Rs 96B
MCB Group posted a net profit of Rs 16.0B for FY2024, up 13.5% year on year, with total assets reaching Rs 937B and market capitalisation exceeding Rs 96B.
FirstRand Reports R38 Billion in FY2024 Normalised Earnings with ROE of 20.1%
South Africa's FirstRand posted normalised earnings of R38bn, up 4%, for fiscal year 2024, with ROE at 20.1% despite a R3bn UK motor finance provision.
Standard Bank Group Posts R22 Billion in Headline Earnings and Lifts Interim Dividend 8% in H1 2024
Standard Bank Group reported H1 2024 headline earnings of R22.0B, up 4% year-on-year, with ROE at 18.5% and an interim dividend raised 8% to R7.44 per share.
Commonwealth Bank of Australia Lifts Full-Year Dividend to A$4.65 Per Share and Returns A$8 Billion to Shareholders
CBA raised its total FY2024 dividend to A$4.65 per share fully franked and returned A$8B to shareholders through dividends and buy-backs, with CET1 at 12.3%.
Erste Group Reports EUR 1.63bn H1 2024 Net Profit, Raises Full-Year Guidance
Erste Group posted H1 2024 net profit of EUR 1.629bn, up 9.3% year-on-year, driven by rising fee income and a stronger operating result, and raised its full-year outlook.
Barclays Reports Q2 2024 Net Profit of GBP 1.24 Billion as Investment Bank Drives Income Growth
Barclays posted Q2 2024 net profit of GBP 1.24 billion, as a 10% rise in Investment Bank income offset a 4% decline in UK net interest income.
HSBC Holdings Reports $21.6 Billion H1 2024 Profit Amid Canada Disposal and Buyback Approval
HSBC reported H1 2024 profit before tax of $21.6 billion, broadly flat year-on-year, as the Canada disposal generated a $4.8 billion gain and a buyback of up to $3 billion was announced.
Deutsche Bank Reports Net Loss of EUR 143 Million in Q2 2024 on EUR 1.3 Billion Postbank Provision
Deutsche Bank swung to a EUR 143 million net loss in Q2 2024 after booking a EUR 1.3 billion Postbank litigation provision, snapping a 15-quarter profit streak.
BNP Paribas Posts EUR 3.4 Billion Q2 2024 Net Income as Revenues Rise to EUR 12.27 Billion
BNP Paribas reported Q2 2024 net income of EUR 3.395 billion, up 1.6% year-on-year, with revenues rising 3.9% to EUR 12.27 billion and CET1 at 13.0%.
QNB Wins Best Retail Bank for Digital Customer Experience in Qatar and Middle East
QNB took home Best Retail Bank for Digital Customer Experience awards for both Qatar and the Middle East at The Digital Banker's July 2024 awards.
HDFC Bank Reports INR 161.75 Billion Q1 FY2025 Net Profit, Up 35% Year-on-Year
HDFC Bank posted Q1 FY2025 net profit of INR 161.75bn, up 35% year-on-year, with net interest income rising 26% and gross NPAs at 1.33%.
Emirates NBD Posts Record AED 13.8 Billion H1 2024 Profit as Lending Surpasses AED 500 Billion
Emirates NBD reported record H1 2024 profit of AED 13.8bn, up 12% year-on-year, with quarterly profit topping AED 7bn for the first time.