Growing credit to non-banks in advanced economies drove rise. Liquidity in global financial markets improved in the third quarter of 2024, as total credit expanded, according to new data from the Bank for International Settlements (BIS). The bank’s global liquidity indicators,...
Loans for use outside Hong Kong dropped by 1.3% in December. Total loans and advances in Hong Kong rose by 0.3% in December, but fell by 2.8% for 2024 as a whole, according to central bank data. Loans for use in...
State-owned Bank Negara Indonesia has disbursed an investment loan facility worth Rp 978 billion ($60 million) to Integrasi Jaringan Ekosistem (WEAVE), a subsidiary of tech company Solusi Sinergi Digital (SURGE). The funding will support the development of broadband infrastructure,...
Indonesia announced Friday that it had attracted Rp 1,714.2 trillion or approximately $105 billion throughout 2024 with a significant portion of the money coming from international investors. Former President Joko “Jokowi” Widodo had set a goal for Indonesia to register...
Total banking sector assets up 38.7% year-on-year as of end-2024, according to banking watchdog. Net profits of Türkiye's banking sector totaled 658.97 billion Turkish liras ($18.77 billion) in 2024, the country's banking watchdog. The banking sector's net profits climbed 6.2% compared...
Deposit rate slashed to 2.75%, its lowest since early 2023. The European Central Bank (ECB) on Thursday trimmed its three key interest rates by 25 basis points, meeting market forecast. This marked the fifth consecutive rate cut since the ECB initiated...
On annual basis, Europe's largest economy shrank 0.2% in last quarter of 2024, official data shows. Germany's economy contracted 0.2% in the last quarter of last year, compared to July-September, above market estimates of a 0.1% decline, according to Destatis...
German bank's net profits fell 36% last year to €2.7 billion, while revenues grew 4% compared to 2023. Deutsche Bank, one of Germany's top banks, posted net profits attributable to shareholders of €2.7 billion in 2024, new figures from the...
Annual growth reaches 2.8% in 2024 despite year-end deceleration. The US economy expanded by 2.3% in the fourth quarter of 2024, falling short of market expectations of 2.7%, according to the Commerce Department's first advance reading released Thursday. Consumer spending and...
Interest rate reductions are likely to be slower. Resilience, costs, and digital transformation are the top priorities of Hong Kong’s banking sector in 2025, as losses by banks and customers continue to make headlines, reports KPMG. Retail and commercial banks will...
