Banking system

KSA has strongest banking system among GCCs, according to S&P Global Ratings

Software group Oracle will launch an innovation training center in Riyadh as the global giant expands its presence in Saudi Arabia. The hub will offer training programs in collaboration with Tuwaiq College for students and professionals who wish to enhance their skills and gain recognized qualifications in a range of …

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CBE announces financial soundness indicators for the Egyptian banking system in the first half of 2021

Loan and discount balances registered around EGP 2.903 billion, while the equity portfolio and banks’ investments in treasury bills registered EGP 2.87 billion. In addition, CBE said that the total capital of banks in Egypt stood at EGP 185.357 billion in June 2021, up from EGP 177.920 billion in March …

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Evergrande’s woes shouldn’t shake the Philippine banking system

Lawrence Agcaoili – The Filipino Star September 24, 2021 | 00h00 MANILA, Philippines – The possible collapse of Evergrande, China’s second-largest real estate company, struggling with debt, is unlikely to shake the Philippine banking sector, a Bangko Sentral ng Pilipinas (BSP) official said. Maman Cynthia Sison, deputy director of the …

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Positive Facilities or Ejabiah in Saudi Arabia Award Basic Banking System Contract to Islamic Software Provider Path Solutions

The newly formed finance company in Saudi Arabia, Positive Facilities Co. Ltd. (Ejabiah), would have entered into an agreement with Path solutions for the introduction of its basic interest-free banking platform. Ejabiah will be to supply a one-time 0% interest financing product, which is somewhat similar to Qard Hassan or …

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Central Bank of Egypt reveals performance indicators for banking system in fiscal year 2020/21

The Central Bank of Egypt (CBE) revealed the most important performance indicators of banks operating in the local market in fiscal year (FY) 2020/21. According to the CBE, the total financial position of banks, other than the CBE, increased from EGP 1.539 billion to around EGP 7.948 billion in fiscal …

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Columbia Banking System and Bank of Commerce Holdings Announce Shareholding and Regulation … | New

TACOMA, WA and SACRAMENTO, CALIF., September 22, 2021 (GLOBE NEWSWIRE) – Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company of Columbia State Bank and Bank of Commerce Holdings (NASDAQ: BOCH , “Bank of Commerce”), the holding company of Merchants Bank of Commerce, today jointly announced the approval by …

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Columbia Banking System and Bank of Commerce Holdings

TACOMA, WA and SACRAMENTO, CALIF., September 22, 2021 (GLOBE NEWSWIRE) – Columbia Banking System, Inc. (NASDAQ: COLB, “Columbia”), the holding company of Columbia State Bank and Bank of Commerce Holdings (NASDAQ: BOCH, “Bank of Commerce”), the holding company of Merchants Bank of Commerce, today jointly announced the approval by Bank …

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China injects $ 26 billion into banking system during Evergrande crisis

China’s central bank has increased its gross injection of short-term liquidity into the financial system after concerns over a debt crisis at China Evergrande Group rocked global markets. The People’s Bank of China injected 120 billion yuan ($ 25.6 billion) into the banking system through repurchase agreements, resulting in a …

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Black entrepreneurs in New York think banking system is closed to them

Over 60% of startup owners and 40% of established business owners surveyed were unable to secure a bank loan or institutional capital from a finance company between 2015 and 2020. Additionally, around 80% of startups surveyed had incomes of less than $ 50,000. The survey found that there were great …

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