State Bank of Pakistan holds policy rate steady at 22pcÂ
KARACHI: The State Bank of Pakistan (SBP) has made the decision to maintain the policy rate at 22 percent. This announcement was...
Banking spreads surged to their highest levels since 2004
High-interest rate environment coupled with low-cost deposits and loan book repricing led to an increase in banking spreads
Cabinet approves appointment of Rehmat Ali Hasnie as President NBP for three years
ISLAMABAD: The Federal Cabinet has approved the appointment of Rehmat Ali Hasnie as permanent President of National Bank of Pakistan for three...
How much ‘more than a bank’ can a bank be?
HBL’s latest report shows that large organisations have the ability to do good and must start treating it as part of their duty
A Year of Surging Trends for the Banking sector
Despite its challenges and shortcomings, the banking sector remained financially stable
Finance Ministry proposes Rehmat Ali Hasnie as principal candidate for President NBP
ISLAMABAD: Finance ministry has proposed the name of Rehmat Ali Hasnie as the principal candidate for the post of the President of...
SBP designates UBL, HBL and NBP as D-SIBs for 2023
The designation bodes well for the banks themselves and helps create resiliency in the banking industry
Summit Bank has a new name as it tries to leave the past behind
The name change comes after the bank’s acquisition by UAE-based investor Nasser Abdulla Hussain Lootah.
SBP’s Financial Stability Review 2022 paints dismal picture
Banking sector remains steady despite aggravating macroeconomic conditions, while microfinance banks struggle
SBP is set to make a profit of more than a trillion. But How?
SBP’ profits ride high with prevailing high interest rates coupled with outstanding Repurchase borrowing levelsÂ
Two International banks surrender their primary dealer license in FY24
The number of primary dealers drops from 12 to 10 in the recent appointmentÂ
Has UBank cracked the code to making a microfinance bank profitable?
Unlike its fledgling competitors, Ubank has adopted a strategy of trying to operate like a conventional bank with a microfinance banking licence in tandem with clever risk management. WIll it stand the test of time?
JPMorgan cuts nearly 40 investment bankers in US
JPMorgan Chase & Co (JPM.N)Â is cutting nearly 40 investment bankers in the U.S., a source with knowledge of the matter said.
The reductions...
Bank of England set to raise rates to 4.75% as inflation slow to fall
The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June...
Why did FINCA and Apna MFB decide to kill a merger plan between the two?Â
Due diligence revealed that the merger might not be beneficial for the organisation nor its customers