MADRID, April 30 (Reuters) – Spain’s biggest international bank Santander (SAN.MC), opens new tab signalled higher profitability this year after reporting an 11% rise in first-quarter profit on Tuesday as growth in lending income in its home market in particular offset higher provisions. The bank’s revenue rose 10% to a record high 15.38 billion euros ($16.46 billion), […]
April 29 (Reuters) – Poland’s general government debt is forecast to rise to 60.6% of gross domestic product (GDP) in 2026 and to 63.2% in 2027, according to the finance ministry in a report published on Monday, exceeding a constitutional limit of 60%. Prime Minister Donald Tusk’s government said in a white paper on the […]
FRANKFURT, April 29 (Reuters) – Deutsche Bank (DBKGn.DE), opens new tab shares were down 6% by midday on Monday after news that a long-running lawsuit claiming it underpaid for its purchase of its giant Postbank division could cost up to 1.3 billion euros ($1.39 billion). The issue is a blow to Germany’s largest lender, which last week posted better-than-expected earnings that […]
Lebanese central bank Banque du Liban announced a new agreement on Thursday that it hopes will result in a rebound in the use of bank cards. As part of the agreement, Mastercard and Visa will lower card fees on transactions, particularly for people with bank accounts based outside Lebanon. In a press release, the bank […]
Emirates NBD, Dubai’s largest bank by assets, said net profit rose 12 percent in the first quarter of 2024, thanks to income growth from its international network. Net profit for the first three months ended March 31 reached AED6.7 billion ($1.8 billion), up from AED6 billion a year ago. Total assets jumped to AED902 billion […]
Dubai-based Hamad Bin Khalifa Department of Projects (HBK DOP) has signed a €12 billion ($12.9 billion) oil-for-cash deal with South Sudan, according to a media report. The loan agreement was finalised between HBK DOP and South Sudan’s former finance minister Bak Barnaba Chol between December and February, Bloomberg reported, citing an unpublished report by a United Nations […]
The highly anticipated trading debut of private equity group CVC Capital Partners shows that Europe’s initial public offering market is back on track, Euronext CEO Stéphane Boujnah told CNBC on Friday. Shares of Amsterdam-listed CVC, one of Europe’s largest buyout companies, traded nearly 24% higher at around 12:30 p.m. London time. The stock had opened at more […]
MOSCOW, April 26 (Reuters) – Russia’s central bank on Friday said it would raise risk premiums on unsecured consumer loans from July 1 in an effort to reduce citizens’ debt burdens and increase stability in the banking sector should consumer loan losses increase. “Unsecured consumer lending has sped up,” the central bank said in a […]
CVC Capital Partners Plc shares soared after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution. At the open in Amsterdam, the stock jumped 24% from the IPO price of €14, the best performance […]
PARIS, April 25 (Reuters) – The European Union should set a target to raise 600 billion euros ($644 billion) in investments annually by the end of the decade by integrating its fragmented capital markets, French Finance Minister Bruno Le Maire said on Thursday. Although Europeans generally save more than Americans, EU capital markets currently lack […]