08/28/2018
Bank of Cyprus sells €2.7bn bad loans in ‘transformative’ deal
The sale, which came after a competitive auction, will reduce the bank’s gross non-performing exposures to 65 per cent below the 2014 peak.
Retail Banking
08/28/2018
UK payday lender Wonga 'on brink of collapse'
A deluge of customer compensation claims could sink the lender, according to UK news reports.
08/28/2018
Macedonian Ohridska Banka's H1 net profit grows on lower impairments
Personnel expenses amounted to 175.3 million denars, which compares to 163.5 million denars a year earlier
08/27/2018
Deutsche Bank plans to cut nearly 1,000 retail jobs at its headquarters
The proposed cut would be nearly one in five of the staff working at its recently-combined retail arm in Germany, divided between Frankfurt and Bonn.
08/22/2018
Deutsche Bank raises bet on Noble pulling off US$3.5b rescue plan
The bank says any purchases would be on behalf of itself, and that the tender process will increase support for the restructuring as any notes acquired would be committed to the restructuring.
08/22/2018
Credit Bank of Moscow only Russian company in Forbes list
The Growth Champions List includes companies which have achieved maximum average annual income growth during 2014-17.
08/13/2018
Specialized Latvian bank FinnQ entering Lithuania
FinnQ was registered in Lithuania on Aug. 3, according to the Lithuanian Center of Registers, and its authorized capitals stands at 1 mln euros.
08/10/2018
Polish lenders Bank Pekao and Alior terminate merger talks
Kubiak did not divulge further details of the merger, which was expected to have been advanced by the end of second quarter of this year.
08/09/2018
FCMB Bank unveils new scheme in UK
The Group Chief Executive, FCMB Group Plc, Mr Ladi Balogun, was quoted as saying at the ceremony that the launch of the new proposition was as much a statement of substance as it was one of intent.
08/08/2018
Another Greek bank unit leaves Albania
The country’s banking system is considered well-capitalized, liquid and profitable.
08/06/2018
Ulster Bank will look at more sales of distressed home loans
"We'll have another run through the book at that point, I wouldn't rule one out," he said.
08/06/2018
Ulster Bank will look at more sales of distressed home loans
The bank is under pressure from European regulators to cut its stock of bad loans to around 5pc of all loans by the end of next year.
08/06/2018
FCMB UK gets approval for personal, business banking
This is in addition to the existing wholesale deposit taking activities, foreign exchange, treasury, corporate banking and trade finance offerings to corporate and institutional customers of FCMB Bank (UK).
08/06/2018
Challenger Bank Launches reverse mortgage in Spain
According to Ángel Cominges, CEO of Óptima Mayores, “Óptima is very pleased to collaborate with Banco BNI Europa, as it is a bank that is committed to financial innovation and is available to explore solutions that meet the need
08/05/2018
Croatia's PBZ to absorb Veneto Banka
PBZ Group runs PBZ Card, PBZ Leasing, PBZ Stambena Stedionica, PBZ Nekretnine, and Intesa Sanpaolo Banka based in Bosnia, as well as Banka Intesa Sanpaolo in Koper, Slovenia.
07/30/2018
‘Low’ US fine fuels hopes for RBS dividend’s return
The Edinburgh-headquartered bank reached a $4.9bn agreement in May in a move which settled the last major claim related to its conduct ahead of the financial crisis.
07/27/2018
Allied Irish Banks reports steady profits as lowers bad loans
Irish banks are under pressure to reduce NPLs which ballooned after Ireland’s property crash
07/26/2018
Saudi British Bank posts half-year net profit of $640m
Saudi affiliate of global banking giant HSBC says profits rose by over 14% during first half of 2018
07/19/2018
European Challenger Bank invests in US consumer loans
This loan purchase programme was implemented by Fintex Capital
07/19/2018
UK holidaymakers hit by £1bn of bank charges overseas
Customers are being encouraged to apply for cards with zero charges to make their holiday money go further.