Akinwande Soji-Ojo The presidency has debunked report that President Bola Tinubu asked the governor of Central Bank of Nigeria (CBN), ... Uncertainties as GTBank, others hunt for N1.6trn byadmin September 7, 2024 0 As Nigerian banks continue in their quest to raise fresh funds from the cap...
China’s new bank loans in December beat forecasts as government support kicks in;Guangdong targets 2025 GDP growth of around 5%.Here’s what you need to know about China in the past 24 hours Chinese banks extended 990 billion yuan in new yuan loans in December, up from November and outpac...
Financial institutions offered 18.09 trillion yuan of new loans in 2024, according to data released by the People’s Bank of China on Tuesday. It was lower than the previous year’s volume of 22.75 trillion yuan, representing the first annual drop in 13 years. Aggregate financing, a broad me...
major Wall Street banks reported second-highest profits in history. CMB expects its annual net profit to be 148.4 billion yuan, representing a year-on-year increase of 1.2 percent, while revenue stood at 337.5 billion yuan, a year-on-year decline of 0.47 percent. Notably, the bank’...
China Merchants Bank and China Industrial Bank, two of China’s leading commercial banks, posted positive results for 2024 on Wednesday after major Wall Street banks reported second-highest profits in history. CMB expects its annual net profit to be 148.4 billion yuan, representing a year-on-year...
China’s new bank loans in December beat forecasts as government support kicks in; Guangdong targets 2025 GDP growth of around 5%. Here’s what you need to know about China in the past 24 hours Chinese banks extended 990 billion yuan in new yuan loans in December, up from November and ou...
China Merchants Bank and China Industrial Bank, two of China’s leading commercial banks, posted positive results for 2024 on Wednesday after major Wall Street banks reported second-highest profits in history. CMB expects its annual net profit to be 148.4 billion yuan, representing a year-on-year...
CMB expects its annual net profit to be 148.4 billion yuan, representing a year-on-year increase of 1.2 percent, while revenue stood at 337.5 billion yuan, a year-on-year decline of 0.47 percent. Notably, the bank’s fourth quarter revenue was 84.8 billion yuan, a year-on-year growth ...
China Merchants Bank and China Industrial Bank, two of China’s leading commercial banks, posted positive results for 2024 on Wednesday after major Wall Street banks reported second-highest profits in history. CMB expects its annual net profit to be 148.4 billion yuan, representing a year-on-year...
In addition to its core functions, CBN has over the years performed some major developmental functions, focussed on all the key sectors of the Nigerian economy (financial, agricultural, and industrial sectors). Overall, these mandates are carried out by the Bank through its various departments. ...