The nine major lenders had previously recorded Sh36.9 billion in impairments on bonds held for trading in 2023 as interest rates rose.

Imtiaz Ibne Sattar (Imtiaz) has recently been appointed as the Chief Financial Officer (CFO) of Summit Corporation Ltd, which is the wholly owned subsidiary of Singapore incorporated Summit Power ...

Standard Chartered Plc is considering expanding its presence in Africa to grow its wealth and transactions businesses, after ...

Top banks scrambled to cut lending rates days after the CBK warned of daily fines in February, but the effect of the reduced ...

The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to ...

Standard Chartered Bank (SCB) has decided to exit its wealth and retail banking (WRB) business in Sri Lanka as part of a broader strategy to streamline operations and focus on markets with greater ...

The ruling notably allows passive investors, even those who had not personally reviewed the bank’s statements, to participate in the lawsuit. Background of the Iran Sanction Breach Allegations The ...

SMFG India Credit (SMICC) has secured $175 million via External Commercial Borrowing, arranged by Standard Chartered Bank and CTBC Bank. The funds are fully hedged and intended for lending, showcasing ...

Standard Chartered has raised 1 billion euro (about Rs 9,400 crore) through issuance of the first social bond which will support sustainable development projects across the bank's emerging market ...

head of wealth and retail banking at Standard Chartered Hong Kong, said at the launch of the bank’s fifth such centre last week in the tourist hotspot of Tsim Sha Tsui. The centre provides ...

Last Monday, Glory Group officially handed over the factory to DBL authorities during a ceremony at DBL Group's corporate office in Dhaka. Senior officials from DBL Group, Glory Textile and Apparels, ...