The country’s economy is heavily dependent on commodities, leaving the banking sector susceptible to fluctuations in commodity prices.
Kuwaiti banks’ ROA hit by oil price drop
November 4, 2021National Bank of Kuwait, the largest bank in the country, saw return on assets fall to 0.87% in 2020.
2022: a tech boom and a greenwashing backlash?
November 3, 2021Forrester’s annual predictions report forecasts an array of new digital offerings next year and that regulators will get tough on ESG classifications.
Pandemic slows financial services FDI into Australia
November 3, 2021Financial services and fintech investment surged in 2019, but the onset of Covid-19 led to a drop-off in projects in 2020.
Tier 1 capital steadily rises at biggest Canadian banks
November 2, 2021Toronto Dominion Bank, the country’s largest bank by assets, saw its holdings of core capital increase by 41% between 2016 and 2020.
Lenders face up to shifts in bank transfer scams
October 29, 2021Authorised push payment fraud has soared during the pandemic and banks are battling to find solutions.
Pandemic hits pre-tax profits at Bahrain’s banks
October 29, 2021Two of the four largest lenders in the Gulf country posted a loss last year.
Diverging paths of NPLs at Jordanian banks
October 28, 2021Arab Bank, the country’s largest lender, saw bad loans increase to 6.8% of its total loan book in 2020, while Jordan Islamic Bank, the fourth-largest bank by assets, saw its NPL ratio drop to 2.6%.
World
/ Asia-Pacific
/ India
India home to rising number of fintech unicorns
October 27, 2021India’s mobile payments market is forecast to grow 41% annually and be worth more than $2bn by 2024, fuelling a surge in fintech start-ups gaining unicorn status.
ROE at Georgian banks slumps as pandemic bites
October 27, 2021Return on equity at TBC Bank, the country’s largest lender, almost halved in 2020.
