Libyan banks have achieved an extraordinary 145.4% profit surge in the third quarter of 2024, signaling a strong rebound in the nation’s financial landscape. Libyan banks reported a staggering profit...
Category: Finance
Banking Ombudsman Slashes Complaint Resolution Time to 30 Days in Pakistan
The Banking Ombudsman of Pakistan has taken a significant step to improve customer service by reducing the complaint resolution time from 45 to 30 days. New Regulations Bring Swift Responses...
North Korean Banks Scramble to Collect Idle Currency Amid Economic Woes
North Korea is tightening its grip on the financial sector, urging banks to seize idle local and foreign currencies as the nation grapples with economic hardships. North Korean authorities have...
Veterans Day 2024: Will Banks Be Open? Your Essential Guide
As Veterans Day approaches on November 11, 2024, many are left wondering about bank operations during this national holiday. Veterans Day honors military veterans who have served in the United...
Guru Nanak Jayanti Bank Holiday: What to Expect on November 15, 2024
As November rolls in, many are curious about bank operations during the festive season. Specifically, whether banks will be open or closed on Guru Nanak Jayanti, falling on November 15,...
Jeel and audax Join Forces to Revolutionize Saudi Arabia’s Digital Banking
Saudi Arabia’s banking sector is set for a major transformation as Jeel, the digital innovation arm of Riyad Bank, partners with audax Financial Technology. This collaboration aims to redefine the...
Public Sector Banks Surpass Private Counterparts in Q2 FY25 Net Profits, Reports SBI
In the second quarter of the fiscal year 2025, public sector banks have significantly outperformed their private counterparts in net profits, according to a recent report by the State Bank...
CBN Empowers Nigerian Banks to Trade Deposited Forex, Enhancing Financial Flexibility
The Central Bank of Nigeria (CBN) has unveiled new guidelines enabling banks to trade with deposited foreign exchange, marking a significant step towards enhancing the country’s financial flexibility. On Tuesday,...
Open Banking Market Drives Financial Innovation and Empowers Consumers for a Digital Future
The Open Banking Market is revolutionizing the financial landscape, fostering innovation and giving consumers unprecedented control over their financial data. Valued at USD 25.35 billion in 2023, the Open Banking...
UK Banks Team Up with Mobile Networks to Tackle Payment Fraud
UK banks and mobile operators are joining forces to fight against the rising tide of Authorised Push Payment (APP) fraud, aiming to protect consumers from losing over £213 million in...