M&A
Mergers, acquisitions, divestitures, and deal-making across the global financial sector.
Lesha Bank Qatar Signs Deal to Acquire 100% of Kazakhstan's Bereke Bank for USD 134.9 Million
Lesha Bank has signed a share purchase agreement for full ownership of Bereke Bank Kazakhstan, marking the first acquisition of a Kazakh bank by a Qatari entity.
First National Corporation Acquires Touchstone Bankshares in $47 Million Virginia Deal
First National Corporation has agreed to acquire Touchstone Bankshares for $47 million in a community bank consolidation deal in Virginia's Mid-Atlantic banking market.
Access Bank Signs Agreement to Acquire National Bank of Kenya from KCB Group
Access Bank has signed an agreement to acquire National Bank of Kenya from KCB Group for $109.6 million, marking a major cross-border expansion into East Africa.
UniCredit Eyes German Market Growth with Commerzbank as Potential Merger Partner
UniCredit has identified Germany as a key growth market and is monitoring Commerzbank as a potential merger candidate, leveraging its existing German banking operations.
Sound Credit Union Acquires Washington Business Bank for $25.9 Million
Sound Credit Union announced a $25.9 million deal to acquire Washington Business Bank, a transaction carrying a 165.8% price-to-tangible common equity ratio and ranked among the priciest US bank deals since early 2023.
China Accelerates Rural Bank Consolidation With More Than 40 Mergers in H1 2024
China's banking regulator has overseen at least 40 small and medium bank mergers in the first half of 2024, a fourfold increase on the same period in 2023.
SMBC Indonesia Acquires OTO Group to Accelerate Consumer Finance Expansion
SMBC Indonesia has completed the acquisition of OTO Group, encompassing PT Oto Multiartha and PT Summit Oto Finance, boosting total assets by 20% to IDR 241.1 trillion.
Access Holdings Raises N351 Billion on NGX to Meet CBN New Minimum Capital Requirements
Access Bank has become the first major Nigerian lender to meet the CBN's new N500 billion minimum capital threshold, completing a N351 billion public offer.
Monte dei Paschi di Siena Pays First Dividend in 13 Years as Italian Treasury Cuts Stake to 26.7%
Banca Monte dei Paschi di Siena will pay its first dividend in 13 years after investors acquired shares at €4.15 each, reducing the Italian Treasury's holding to 26.7%.
Thailand's SCBX Signs Agreement to Acquire 100% of Home Credit Vietnam for Approximately USD 851 Million
An SCBX subsidiary has signed a share purchase agreement to buy Vietnam's second-largest consumer finance platform from Home Credit NV in a deal worth around USD 851 million.
Kuwait Finance House Completes Merger with Ahli United Bank, Becoming Kuwait's Largest Bank
Kuwait Finance House has completed its merger with Ahli United Bank Kuwait, the first such deal in Kuwaiti banking history, lifting KFH to the position of world's second-largest Islamic bank by assets.
Capital One Announces $35.3 Billion All-Stock Deal to Acquire Discover Financial Services
Capital One Financial has agreed to acquire Discover Financial Services in an all-stock deal valued at $35.3bn, creating the largest US credit card issuer by loan volume.