🧀 Italian bank Credem Banca is known for its parmesan cheese-backed loans. 🐄 The regional lender, located in the cheese-rich terroir of Emilia-Romagna, stores thousands of giant parmesan wheels worth millions of euros in a warehouse it owns. 😎 Sitting on €66bn of assets, Credem proudly claims it has never lost a penny on any parmesan-backed loan. 🎯 But the bank also has a sterling reputation for sound governance and risk assessment. 🔢 The bank boasts a gross bad-loan ratio of two per cent, compared with an industry benchmark of 2.7 per cent in Italy and 2.3 per cent in Europe. Net bad loans, after accounting for provisions, make up just 0.16 per cent of Credem’s loan bank compared with one per cent in the whole banking system in Italy. 🇮🇹 Giovanni Legorano spoke with Credem's chief compliance officer Davide Morandi about the successful overhaul of its compliance function. 👀 Read more https://lnkd.in/eRcHv9jB #riskandcompliance #compliance #bankingindustry #Italy
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Meet Randy #OMISTA Business Banking 👋
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Check out our latest blog post on the 2023 banking turmoil and its implications for resolution authorities, published on the Oxford Business Law Blog :) With Niccolò Cirillo and Sebastiano Laviola
'The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities' by Niccolò Cirillo and Francesco Pennesi of Single Resolution Board and Sebastiano Laviola of Banca d'Italia - https://lnkd.in/dWb-A4UW - #EU #FinancialStability #Bank #Resolution #FinancialCrisis #SRB #OBLB
The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities
blogs.law.ox.ac.uk
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Check out our latest blog post on the 2023 banking turmoil and its implications for resolution authorities, published on the Oxford Business Law Blog :)
'The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities' by Niccolò Cirillo and Francesco Pennesi of Single Resolution Board and Sebastiano Laviola of Banca d'Italia - https://lnkd.in/dWb-A4UW - #EU #FinancialStability #Bank #Resolution #FinancialCrisis #SRB #OBLB
The 2023 Banking Turmoil: Implementation Lessons for Resolution Authorities
blogs.law.ox.ac.uk
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Oversea-Chinese Banking Corporation has reported an increase of 9 per cent in net profit to S$1.97 billion (MOP11.9 billion/US$1.5 billion) for the third quarter of the year, with the figure 2 per cent higher compared to the previous quarter.
OCBC reports 9 pct hike in Q3 net profit y-o-y | Macau Business
macaubusiness.com
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Arbuthnot Banking Group 2023 results, strategic choices paying dividends Arbuthnot Banking Group (LON:ARBB) is the topic of conversation when Mark Thomas, analyst from Hardman & Co., discusses his recent research note titled “2023: delivering strategy with strong profit growth.” Mark highlights the bank’s successful financial year, noting a significant increase in pre-tax profit, operating income, and net assets, alongside improvements in earnings per share and dividends. Mark also explains how Arbuthnot has strategically positioned itself to thrive in a rising rate environment by adjusting the duration of its securities and increasing fixed-rate SME finance, preparing it for potential rate declines. He touches on the progress made in their SME financing franchises, with notable profit increases and loan book growth. Despite a challenging macroeconomic landscape, the bank’s cautious approach has ensured sustained high credit quality with minimal impairments. The discussion also addresses concerns about net interest margins and inflationary pressures on costs, with an emphasis on the conservative management of the bank’s lending practices to mitigate credit risks. https://lnkd.in/dkr9_gJh #Banking #Investment #Stocks #StockMarkets
Arbuthnot Banking Group 2023 results, strategic choices paying dividends (VIDEO)
https://www.directorstalkinterviews.com
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Head of Operation | Customer Experience | Risk Management | Compliance Champion | Business and Data Analyst | Crunch Expert | Predictive Model | Branch Management | Leadership | Relationship Manager.
CBN REVOKES THE BANKING LICENSE OF HERITAGE BANK WITH IMMEDIATE EFFECT. due to the poor financial performance of heritage bank and considering the window period given to the bank for improvement, the CBN has revoked the banking license of heritage bank with immediate effect.Ndubuisi Ekekwe #banking #cbn
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Oversea-Chinese Banking Corporation has reported an increase of 9 per cent in net profit to S$1.97 billion (MOP11.9 billion/US$1.5 billion) for the third quarter of the year, with the figure 2 per cent higher compared to the previous quarter.
OCBC reports 9 pct hike in Q3 net profit y-o-y | Macau Business
macaubusiness.com
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#FinStreet While FY23 was a record year for the banks, w.r.t. highest NIM in many years, lowest credit cost & historically high return ratios.. FY24 was a record year, w.r.t. business momentum of lenders in last few years Deposits crossed Rs200 lakh cr in FY24 Listen in, to find more details on business momentum for lenders in FY24 #Banks #Deposits #Advances #creditdepositratio #business #M3
Banks In FY24 | The banking sector has reported the best business momentum in last many years. Deposit growth is the highest in over 7 years while loan growth has been robust. Abhishek Kothari brings us the detail in our special segment #Finstreet
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Dhiren Mansingh and Devina Maharaj give expert views on tech in business banking, from the effects of Payshap, to security and the impact on trust, and the opportunity for clients to integrate Investec’s banking platform into their own applications for personalised solutions for their business.
Dhiren Mansingh and Devina Maharaj are Investec veterans who are intimately familiar with the business banking sector.
What’s Next in Business Banking — Investec’s Dhiren Mansingh and Devina Maharaj discuss the evolution of business banking in South Africa
https://mybroadband.co.za/news
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Grupo Financiero Galicia has completed the acquisition of HSBC's operations in Argentina, marking a significant milestone in the country's banking sector. Grupo Galicia, which controls Banco Galicia, finalized the purchase of HSBC Argentina today, December 6. The acquisition includes HSBC's bank, mutual fund management, and retirement and life insurance companies. The deal was made possible after the technological separation of HSBC Argentina from HSBC Global. The total transaction value is $550 million USD. Payment structure: $275 million in cash and 11.78 million American Depositary Receipts (ADRs) of Grupo Financiero Galicia. (HSBC agreed not to sell these ADRs for six months). This acquisition will make Banco Galicia the largest private bank in Argentina, both in terms of deposits and loans. The combined entity will have over 750,000 clients, 3,000 employees, and 100 branches. Initially, Galicia and "Galicia Más" (the new name for HSBC Argentina) will operate as independent banks. Customers will continue to manage their products separately for now. Full integration of both banks is expected to be completed in 2025. Fabián Kon, General Manager of Banco Galicia, expressed enthusiasm about the acquisition, emphasizing their goal to help more people manage finances, travel, buy homes, and invest for the future. He also highlighted plans for technological growth to support businesses with digital tools. This acquisition represents a significant shift in Argentina's banking landscape, positioning Grupo Galicia as a dominant player in the country's financial sector.
