Banco de Costa Rica, the second-largest bank by assets, increased allowances for loan losses by 28% year-on-year in 2020.
Mizrahi Tefahot Bank, the country’s third largest lender by assets, saw its mortgage book expand by 24% year on year in 2020.
As a decentralised open-source blockchain with smart-contract functionality, Ethereum holds enormous promise for the financial services industry.
Danske Bank, the country’s largest lender by Tier 1 capital, saw return on equity drop to 2.7% in 2020.
The top 30 global systemically important banks’ diversification and scale helped them contend with Covid-19, but technological disruption poses a bigger challenge.
At Ardshinbank, the country’s second largest bank by assets, net interest income rose 20% last year.
Low-risk lending to wealthy customers has helped maintain asset quality during the pandemic.
Leading banks significantly increased loan impairment provisions last year, ahead of a projected rise in bad loans this year.
Bitcoin is now legal tender in the Central American nation, but banks are keen to keep cryptocurrency off their balance sheets.
Access Bank, the country’s largest lender by total assets, saw ROE fall from 16% in 2019 to 14.1% in 2020.
KCB Group, the country’s largest lender by Tier 1 capital, saw its non-performing loan ratio rise to 15% in 2020.
Regulatory efforts in the UK and Europe to encourage diversity and access to cash could have an impact on institutions’ operating models.
The country’s two largest banks saw gross total loans increase by about 37% between 2016 and 2020.
Riding on wings of strong economic growth, 6750 financial services and fintech jobs were created in Vietnam in 2018. However, momentum slowed in the past two years and has not yet recovered.
The south-east Asian country was one of the fastest-growing economies in the world prior to Covid-19.
As the debt-laden Chinese developer stands on the brink of collapse, the fallout poses risks across the financial system.
Banco de Crédito e Inversiones, the country’s largest lender, saw return on equity drop to 8.2% last year from 10.6% in 2019.
The territory’s largest lender, Butterfield Bank, posted a loan-to-deposit ratio of 39% last year.
The Hang Seng Index has been the worst-performing stock market in Asia this year amid concerns over anti-sanctions law.
The country’s largest bank by assets, Banco Mercantil Santa Cruz, saw pre-tax profits slump 60% year-on-year in 2020.