M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
BRB Acquires 58% Stake in Brazil's Banco Master for R$2 Billion in State-Backed Banking Consolidation
Banco de Brasília agreed to acquire 58% of Banco Master for R$2 billion, valuing the private lender at R$3.45 billion, subject to regulatory approvals.
Kaspi.kz Signs Share Purchase Agreement to Acquire Rabobank's Turkish Subsidiary
Kazakhstan's Kaspi.kz has signed a share purchase agreement to buy Rabobank A.Ş., the Dutch lender's Turkish subsidiary, subject to regulatory approval from Turkey's BRSA.
DBS Group Incoming CEO Tan Su Shan Signals Openness to Bolt-On Acquisitions in Wealth and Transaction Banking
DBS's incoming CEO Tan Su Shan has said the Singapore bank would consider accretive bolt-on deals in wealth management and transaction banking while ruling out large-scale mergers.
Emirates NBD Gains Central Bank of Egypt Approval for Banque du Caire Due Diligence
Emirates NBD has received Central Bank of Egypt approval to conduct due diligence on acquiring approximately a 45% stake in Banque du Caire, valued at around USD 1 billion.
Riyad Bank Partners with 11 Fintechs for Open Banking API Integration Amid Saudi Cashless Push
Riyad Bank has entered Open Banking API partnerships with 11 fintech companies to deepen cashless payment infrastructure as Saudi Arabia hit 79% cashless transactions in 2024.
Al Rajhi Bank Acquires 65% Stake in Saudi Fintech Drahim in Landmark Open Banking Deal
Al Rajhi Bank has taken a 65% majority stake in Drahim, marking the first acquisition of a controlling interest in a local fintech by a Saudi bank.
UOB Nears Completion of Citi ASEAN Consumer Banking Integration in Thailand, Malaysia, and Vietnam
United Overseas Bank is nearing completion of its integration of Citi's Thailand, Malaysia, and Vietnam consumer banking units, adding approximately five million retail customers acquired in 2022.
National Bank of Canada and Canadian Western Bank Complete Legal Amalgamation
National Bank of Canada and Canadian Western Bank completed their legal amalgamation on 1 March 2025, forming a single pan-Canadian entity weeks after the acquisition closed in February.
SMBC Files RBI Application for Stake in Yes Bank in Landmark Foreign Investment Move
SMBC has filed a formal application with the Reserve Bank of India to acquire a stake in Yes Bank, in what would be the largest foreign investment into Indian private-sector banking.
Norway's Sparebanken Norge and Oslofjord Sparebank Agree Merger to Create Larger Savings Bank
Sparebanken Norge and Oslofjord Sparebank have agreed to merge, continuing the consolidation of Norway's savings bank sector into larger, more resilient institutions.
Sweden's Sparbanken Västra Mälardalen and Sparbanken Rekarne Merge in Mälardalen Region
Swedish savings banks Sparbanken Västra Mälardalen and Sparbanken Rekarne have agreed to merge, consolidating their regional presence in the Mälardalen area.
Spain's Banco Santander Acquires 89.9% Stake in SME Credit Manager Tresmares Capital
Banco Santander has completed the acquisition of an 89.9% stake in Tresmares Capital, a Spanish alternative asset manager with around EUR 1.5 billion in SME credit assets under management.