Latest News for: Net banks

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ABN Amro's profit beats estimates, but Ukraine war concerns loom

RTE 18 May 2022
Dutch bank ABN Amro has today reported first-quarter net profit above market expectations helped by the reopening of Dutch society, but warned the war in Ukraine could have an indirect impact on its business. The bank said its net profit came to €295m in the first three months of ...
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Mainland banks have room for rate cuts: EY

Hong Kong Standard 18 May 2022
China's banks have room to cut their loan prime rates, which would narrow their net interest margin, a report by EY said ... And their total net profit was 1.9 trillion yuan, up 12.05 percent over the previous ...
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Banks Report Strong Earnings, Expect Loan Growth To Improve | Mint

Live Mint 18 May 2022
Ten state-run banks, which have published their March quarter results so far, reported a 75% jump in net profit while 18 private sector banks reported a 91% growth in net profit. Net interest income or core income growth was mixed across the sector, barring Bandhan Bank, Ujjivan ...
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Indian Overseas Bank net profit jumps 58 per cent to Rs 552 crore

Financial Express 18 May 2022
State-owned Indian Overseas Bank (IOB) on Wednesday reported a nearly 58 per cent jump in net profit at Rs 552 crore in the quarter ended March 2022, mainly due to lower provisioning for bad loans. The bank had posted a net profit of Rs 350 crore in the year-ago period.
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Canara Bank will launch ‘super app’ in a month’s time: CEO L V Prabhakar

Business Line 18 May 2022
After a five years hiatus, Canara Bank declared a dividend, following a good set of numbers in its latest quarter ... The bank is also launching a super app in a month’s time ... What has helped the bank to improve performance? ... In the just concluded March quarter, the bank declared ₹1,666 crore in net profit indicating more than 300 per cent growth.
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ABN Amro’s profit beats estimates, but Ukraine war concerns loom

Metro USA 18 May 2022
(Reuters) -Dutch bank ABN Amro on Wednesday reported first-quarter net profit above market expectations helped by the reopening of Dutch society, but warned the war in Ukraine could have an indirect impact on its business ... The bank now expects full-year net interest income at the ...
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Indian Overseas Bank more than doubles its FY22 net profit

Business Line 18 May 2022
Indian Overseas Bank (IOB) has reported a 58 per cent increase in its net profit at ₹552 crore for the quarter ended March 31, 2022, as compared to ₹350 crore in the year-ago quarter, helped by lower provisions amid a drop in operating profit.
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Taiwan Life to boost unit’s capital due to virus payout

Taipei Times 18 May 2022
CTBC Financial reported that net profit in the first quarter fell 17 percent year-on-year to NT$16.29 billion, with subsidiaries CTBC Bank (中國信託銀行), CTBC Securities Co Ltd (中信證券) and Taiwan Life Insurance all reporting annual declines in net profit ... CTBC Bank’s net interest margin ...
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Taiwan Cooperative aims to boost loans 7% in 2022

Taipei Times 18 May 2022
It aims to preserve the momentum over the rest of the year, the bank-focused group said, adding that it would prioritize retirement planning and lending to urban renewal projects ... A rate hike of 0.25 percentage points could benefit the bank’s net interest margin by 0.055 percentage points if other factors remain unchanged, it said.
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Indian Overseas Bank reports 58% jump in March quarter profit after tax

Financial Express 18 May 2022
Chennai-based Indian Overseas Bank (IOB) reported a 58% jump in profit after tax (PAT) to Rs 552 crore in the quarter ended March 2022 ... The net interest margin for Q4FY22 was 2.41% compared with 2.39% in the December 2021 quarter ... The liquidity situation is subject to future actions taken by the Reserve Bank of India, he cautioned.
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Russia’s TCS says first-quarter net profit fell, without giving figures

FX Empire 18 May 2022
(Reuters) – TCS Group Holding, which runs online bank Tinkoff, Russia’s second-largest credit card issuer, said on Wednesday its net profit had fallen year-on-year and quarter-on-quarter, but declined to disclose figures ... Net profit, which remained positive, fell due primarily to an increase in funding costs and other factors, TCS said.
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ABN Amro shares fall as money-laundering provision boosts costs

Metro USA 18 May 2022
Quarterly net interest income was broadly in line with expectations at 1.31 billion euros and the bank expects to hit the top end of its 5.0-5.1 billion full-year guidance range ... The largely state-owned bank said its net impairment charge was 62 million euros in the quarter, ...
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Indian Overseas Bank clocks 58% rise in Q4 net profit at Rs 552 crore

The Times of India 18 May 2022
The bank more than doubled its annual net profit at Rs 1709 crore in FY22 as compared with Rs 831 crore ...
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Could beaten down Lloyds shares boost my portfolio?

The Motley Fool 18 May 2022
Lloyds (LSE.LLOY) shares haven’t displayed the stability one might expect from a banking giant this year ... That’s very cheap, especially for a banking giant that should have a positive future ahead of it ... The group forecast a banking net interest margin of 270 basis points, up from 260 ... The bank is the UK’s largest mortgage lender.
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IOB doubles net profit in FY22

The Times of India 18 May 2022
State owned Indian Overseas Bank (IOB) on Wednesday reported a net profit of Rs 1,709 crore for the FY 2021-22, which was double the net profit of the previous ...

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File - Former President of the United States Donald Trump speaking with supporters at a "Save America" rally at Country Thunder Arizona in Florence, Arizona.
Creative Commons / Gage Skidmore https://creativecommons.org/licenses/by-sa/2.0
President Donald Trump delivers remarks at an African American History Month Reception Thursday, Feb. 27, 2020, in the East Room of the White House.
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