The Philippine economy expanded an annual 5.2 per cent in fourth quarter from a year earlier, official data showed, missing the median forecast of 5.4 per cent growth in a Reuters poll of economists. On a quarterly basis, the Philippines...
Emirates NBD’s profit before tax climbed to a record AED27.1 billion ($7.38 billion) in 2024, a 15% increase compared to 2023 figures, as it expanded its regional presence and enhanced its wealth management franchise. The group recorded a net profit...
The group recorded a net profit after tax of AED23 billion ($6.26 billion), up 7% on 2023 numbers. Income grew to over AED44 billion in 2024, a 3 per cent growth year-on-year, with the group’s strategic investment in digital banking...
Lending income at Spain's Caixabank came under pressure in the fourth quarter due to lower interest rates, though the lender managed to offset the impact with a rise in net fees and commissions. The bank reported net profit of 1.54...
Euroclear has entered into a seven-year deal with Microsoft, harnessing a full suite of technology encompassing cloud, data and AI. Microsoft will support Euroclear's strategic ambition in key growth areas like funds and client experience as well as its long-term...
Saudi Arabia’s real gross domestic product saw an annual expansion of 4.4 percent in the fourth quarter of 2024, marking its highest growth in two years, official data showed. According to flash estimates from the General Authority for Statistics, the...
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...
