S. Arabia’s bank credit reaches record SAR2.82t
Saudi Arabia's bank credit hit a record high of SAR2.82 trillion by the end of August 2024, according to the Saudi…
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lending
Egypt’s Banque Misr mulls new Islamic lending for corporates
Banque Misr, Egypt’s second largest bank, is studying new sharia-compliant credit facilities worth up to 14.2…
BLOM Bank-Egypt launches asset management unit
BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, deputy…
China’s new banking regulator pledges tightening supervision, curbing risks
China's newly appointed banking regulator vowed Thursday to tighten supervision of the lending sector, underscoring…
Bank of America sets new cost target under pressure from low rates
Bank of America Corp (BAC.N) reported a 19 percent drop in second-quarter profit on Monday and set a new expense…
Bank of America revs up auto loans business despite warning signs
Bank of America (BAC.N) is making a big push into auto lending just as regulators are sending warning signals,…
India central bank keeps rates on hold, sees room for more ‘accommodation’
India's central bank kept its key repo lending rate unchanged at 6.75 percent on Tuesday, as widely expected, after…
Fed to take up ‘too big to fail’ emergency lending curb
The Federal Reserve Board will consider on Monday a proposal to curb its emergency lending powers, a change…
Euro zone lending growth accelerates in July
Lending to euro zone households and firms accelerated slightly in July while a broader measure of money…
Bank of England leaves Key Rate at 0.5%
The Bank of England made no changes to monetary policy at its meeting on Monday, as expected, maintaining its…
