Deutsche Bank AG has sold a portion of a US$600mil loan being used to finance an Australian coal mine’s acquisition to some private credit funds, according to people familiar with the matter. The German lender in recent weeks sold about...
Net interest income is expected to rise by a further JPY100bln(US$ 690 mln). Sumitomo Mitsui Financial Group’s profits rose to a record high in the first quarter of FY2024, doubling from last year’s numbers, its latest financial report showed. Profit attributable...
Standard Chartered announces the successful closing of a six-year USD235 million non-recourse senior secured term green loan facility to fund the development, construction, and operation of a 1.35 million square foot solar photovoltaic manufacturing plant in Wilmer, Texas, USA,...
Growth driven by product taxes, subsidies balance, and activity in construction and real estate. Hungary’s unadjusted gross domestic product (GDP) increased by 1.5% in the second quarter of the year compared to the previous quarter, according to the country’s statistical...
The Kingdom of Saudi Arabia's non-oil and government activities grew 4.4% and 3.6%, respectively, during the second quarter of this year, reported state news agency SPA. The kingdom's Gross Domestic Product (GDP) contracted by 0.4% for the three-month period ended...
Singapore's biggest bank DBS posted a rise of 4 per cent in second-quarter net profit from a year earlier, boosted by stronger total income, with fee income at a record. Its net profit for the quarter rose to S$2.8 billion...
A strong performance from its investment bank compensated for declining income in its core UK businesses. Barclays reported a lower than expected 9 percent fall in first half pretax profit, as a strong performance from its investment bank compensated for...
MITSUBISHI UFJ Financial Group reported quarterly profit that beat estimates. The nation’s largest bank said net income came in at 555.9 billion yen (US$ 3,79 billion) for its fiscal first quarter ended in June, accounting for more than a third...
Net interest income up 2% to S$2.43 billion in forecast-beating performance. OCBC’s net profit for the second quarter ended June rose 14 per cent to S$1.94 billion, from S$1.71 billion in the previous corresponding period. The bank said this was underpinned...
Excluding one-off expenses incurred in the acquisition of Citigroup’s consumer banking businesses, Q2 profit would have been S$ 1.49 billion(US$ 1,12 billion). UOB’s net profit for its second quarter rose due to double-digit fee income growth and lower credit allowances,...
