BNP reported net income of 2.97 billion euros for the three months ending in December. BNP Paribas nudged up its 2028 profitability target and pledged more cost cuts, after reporting a better-than-expected fourth quarter profit despite a mediocre performance at...
Its expanded share buyback shows confidence in its capital base. Mizuho has already achieved 90% of its full-year net profit for the fiscal year ending 31 March 2026. The Japanese megabank has a nine-month cumulative profit of $6.4b (JPY1.02t). Overall performance...
Q4 net profit nearly doubled on higher interest income and fee income. Vietnam Technological and Commercial Joint Stock Bank (Techcombank) saw its net profit attributable to shareholders rise 17.5% year-on-year (YoY) to $973.36m (VND25.29t) in FY2025, its latest financial statement...
Benchmark deposit rate remains unchanged at 2% for 5th time in a row, at lowest level since November 2022. The European Central Bank (ECB) on Thursday left its three key interest rates steady, meeting market forecasts. The key deposit rate stands...
Decision comes in narrow 5-4 vote, as bank says despite being above 2% target, annual inflation expected to fall back from April, owing to developments in energy prices including from Budget 2025. The Bank of England on Thursday held the...
Net operating profit and net income have reached over 80% of full-year targets. Mitsubishi UFJ Financial Group’s (MUFG) profit attributable to owners of the parent rose by 3.7% year-on-year (YoY) to $11.56b (JPY1.81t) for the nine-month period ending 31 December...
Positive rating momentum to slow as growth weakens, risks rise. Globally, financial performance for the banking sector may be at, or near, its peak — and the rating outlook is dimming too, says Fitch Ratings. In a report, the rating agency...
It forecasts an annual cash dividend of JPY157 for the fiscal year. Sumitomo Mitsui Financial Group’s (SMFG) profit attributable to owners of the parent rose 22.8% year-on-year (YoY) to over $8.99b (JPY1.39t) in the nine month period ending 31 December...
Taiwan's tech-focused economy grew much more than expected in the fourth quarter, the government statistics agency said, thanks to strong demand for the chips and related technologies that power artificial intelligence. For all of 2025, the economy expanded 8.63 per...
Ares Management has led a $1.6bn private debt financing to support the merger of Suave Brands Company and Elida Beauty, underlining the growing role of private credit in large consumer-sector transactions. The financing backs the combination of the two businesses...
