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Wed, 05 Feb 2025 10:01:00 +0000
Qin Jizhang, chairman of Bank of Jilin since May 2023, has rebuilt the bank’s balance sheet and set a new direction pivoting from corporate lending to retail and small businesses to align with Jilin province’s economic revival.
Tue, 04 Feb 2025 14:22:00 +0000
Chinese banks dominate the world’s top 10 banks by net profit, but their profit growth lagged behind US and UK banks, mainly due to rate cuts, narrowing profit margins.
Tue, 04 Feb 2025 11:15:00 +0000
Islamic banks in Saudi Arabia display exceptional financial strength, with Al Rajhi Bank maintaining its position as the largest and strongest Islamic bank worldwide.
Mon, 03 Feb 2025 05:36:00 +0000
The Global RMB Internationalisation Survey 2024 reveals that usage in cross-border trade has surged, accounting for over half of China’s cross-border payments. The results show high engagement from financial institutions and companies in RMB-based transactions, with notable growth in cross-border cash management, trade financing and investments.
Fri, 31 Jan 2025 17:17:00 +0000
The economic rivalry between the United States (US) and China will continue to influence the global banking industry in 2025, with significant implications for financial systems
worldwide.
Fri, 31 Jan 2025 10:24:00 +0000
Banks across advanced and emerging markets navigate economic realignment, regulatory evolution and digital disruption.
Thu, 30 Jan 2025 11:14:00 +0000
Despite economic challenges, Sub-Saharan Africa shows improvement, but poverty, debt and poor infrastructure hinder growth.
Thu, 30 Jan 2025 11:12:00 +0000
The IMF cut its 2024 growth forecast for the Middle East and Central Asia region, due to geopolitical tensions, conflicts and climate-related risks.
Thu, 30 Jan 2025 11:04:00 +0000
The banking sectors in the US and Canada are bracing for a year of economic moderation, regulatory shifts and evolving consumer behaviour.
Thu, 30 Jan 2025 11:02:00 +0000
The banking sectors in Europe and the UK are approaching 2025 with a cautious sense of optimism, buoyed by stabilising inflation and modest economic recovery.
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