BoK profits fall by more than 50% after attempted expansion
Bank’s expansion plan coupled with troubled economy hindered its profitability for the year
After SVB failure, US acts to shore up banking system confidence
U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the failure of Silicon Valley Bank...
Silicon Valley Bank failure rattles US startup ecosystem
NEW YORK: Silicon Valley Bank’s stunning collapse has led to the freezing of tens of billions of dollars stored there by startups and...
Analysis: SVB’s lightning collapse stuns banking industry
The rapid unraveling of SVB Financial Group (SIVB.O) has blindsided the banking industry after years of stability.
The collapse on Friday, the largest bank failure since...
SBP’s forex reserves rise above $4b mark
The State Bank of Pakistan (SBP), in a statement issued here on Thursday, stated that reserves held by the central bank increased...
Govt raises Rs1.57tr in T-bill auction
LAHORE: The Treasury Bills (T-Bills) cut-off yields rose by 120 basis points in the paper auction held on Wednesday, according to data...
Ladies and gentlemen, here are your digital banks
With the central bank finally issuing NOCs for setting up digital banks, Profit looks at the contenders and their intentions
The Bank of Khyber is setting out its line of defence against the treasury single account
Attracting deposits, seasoned employees, and increasing gender diversity may help the bank wean off its dependence on the government
The SBP is verbal
Any two-bit relationship therapist will be able to tell you one simple, oft-repeated, common knowledge mantra about life: Communication is key. This...
Why does the JS Group want to buy BankIslami?
Already the largest shareholders in the Bank, Jahangir Siddiqui and Co are looking to takeover Pakistan’s oldest Islamic Bank as Shariah-compliant banking continues to gain ground
The big-boys of banking make big-bucks, but are they worth it?
Profit ranks bank CEOs based on their salaries and the returns they bring about
Did eight banks really take the SBP and the government for a ride?
Is this a case of collusion, greediness, weak positioning, or all of the above?
Malik Riaz is still a banker but not by choice
Escorts Investment Bank has been up for sale for a while
Last call for Summit Bank and Silkbank in new IMF commitments
Govt commits to send both banks into “resolution” if longstanding capitalization problems are not sorted by March 2023
IFRS-9 likely to revamp loan provisioning
Implementation of the new accounting standard would negatively affect the profitability of financial institutions due to a hike in provisioning for loan default risk