Tag: Banking
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Ato Essien makes first public appearance since jail release
Ghanaian Banking Figure Reemerges in Public Ghana’s financial and legal circles buzzed as William Ato Essien, the once-prominent founder of the defunct Capital Bank, stepped into a public space for the first time since his release from jail. The former executive left the confines of the court system behind as he re-entered public life, with…
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Philippine Banks Step Back from Real Estate Exposure as Market Volatility Wanes
Overview: A Cooling Sentiment in Real Estate Financing Philippine banks and trust entities have dialed down their exposure to the volatile real estate sector, with total assets now allocating 19.54% to property-related risks as of end-September. This marks the lowest share in two quarters, according to fresh data from the Bangko Sentral ng Pilipinas (BSP).…
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Banks Ease Real Estate Exposure in PH as BSP Data Shows Improvement
Overview: Banks trim exposure to the volatile property sector Philippine banks and trust entities reduced their exposure to real estate to 19.54% of total assets as of the end of September, marking the lowest level in two quarters. The latest data from the Bangko Sentral ng Pilipinas (BSP) indicate a shift away from heavy concentration…
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Banks Reduce Real Estate Exposure in Philippines Amid Market Volatility
Overview: Banks dial back real estate exposure Philippine banks and trust entities trimmed their exposure to the volatile real estate sector to 19.54% of total assets as of the end of September. This marks the lowest share in two quarters, according to data compiled by the Bangko Sentral ng Pilipinas (BSP). The move reflects a…
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Non-Interest Banking Regulatory Framework Risks in Ghana
Assessing a Controversial Draft: The Non-Interest Banking Guidelines in Ghana The Bank of Ghana has put forward draft guidelines intended to regulate what it terms Non-Interest Banking. While the aim is to formalize a sector that operates on profit-and-loss sharing and sharia-compliant principles, critics argue the framework risks creating regulatory confusion rather than clarity. Prominent…
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Uganda’s First Fully Digital School Lending Solution Debuts from Stanbic Bank and FinCom’s SchoolPay
Uganda’s First Fully Digital Lending Solution for Schools In a groundbreaking move for Uganda’s education and finance sectors, Stanbic Bank Uganda has joined forces with FinCom Technologies to launch a fully digital lending solution tailored for schools. The partnership centers on SchoolPay, FinCom’s innovative platform designed to streamline school-related payments and financing. This marks a…
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Banks Rally to Thwart Reeves’ Cash ISA Cut: A Last-Ditch Rate War
Universities and market players brace for the ISA shake-up UK savers could face a tighter ceiling on their cash ISA ambitions as the government outlines plans to reduce the cash ISA limit to £12,000. The move, part of a broader effort to streamline tax incentives, has triggered a rapid response from banks racing to attract…
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Alliance Bank Logs Best Quarter in Three Years, Declares 9.37 sen Dividend
Alliance Bank Reports Best Quarter in Three Years Driven by Higher Income and Lower Provisions Alliance Bank Malaysia Bhd (KL:ABMB) has posted its strongest quarterly performance in three years, underpinned by higher net interest income and markedly lower loan loss provisions. The bank announced results for the three months ended 30 September 2025, highlighting a…
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Alliance Bank Posts Best Quarter in Three Years, Declares 9.37 Sen Dividend Per Share
Alliance Bank Spars for Market Optimism with Strong Quarter Alliance Bank Malaysia Bhd confirmed a standout quarter, posting its best performance in three years thanks to higher income and a notable drop in loan-loss provisions. The Kuala Lumpur-listed lender announced a net profit of RM206.56 million for the three months ended September 30, 2025 (2QFY2026),…
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Banks Grapple with Major Vendor Data Breach as FBI Investigates
Overview: A Widespread Vendor Breach Hits Major Banks In what authorities are calling a significant cybersecurity incident, a trusted vendor—used by hundreds of banks and financial institutions—suffered a compromise that could allow unauthorized access to sensitive customer data. The breach has prompted frantic risk assessments across the banking sector and triggered a federal investigation led…