In a remarkable achievement, People's Bank of Sri Lanka has secured twelve prestigious titles at the Global Business Review Magazine Awards 2024, marking the third consecutive year of recognition. The Global Business Review Magazine Awards celebrate excellence in performance, innovation, and
January 6, 2025The global foreign exchange (FX) market is undergoing a significant transformation, driven by technological advancements, geopolitical shifts, and evolving client needs. This article delves into the impact of these changes on corporate treasuries, banks' responses, and the distinction of top
December 27, 2024Bank Millennium S.A. (BM), a prominent commercial bank in Poland, is making significant strides in financial innovation and sustainability. Through its Synthetic Securitisation project, BM is enhancing its operational resilience and lending capacity. This initiative, supported by the European Bank
December 24, 2024In a bold move that has drawn significant attention from both the financial world and governmental authorities, UniCredit recently increased its stake in Commerzbank to 28%, stirring controversy with the German government. This strategic decision by the Italian banking giant places UniCredit at the
December 19, 2024In a concerning trend, the private banking sector in Bangladesh has witnessed a substantial increase in bad loans from September 2023 to September 2024. This period saw defaulted loans jump by an alarming 171%, soaring from Tk 29,645 crore to Tk 80,573 crore, according to data from the central
December 18, 2024Bank Al Yousr has recently been honored with the prestigious "Excellence in Islamic Corporate Banking – Morocco, 2024" award by the Global Brand Frontier Awards, conducted by Boston Brand Research & Media. This recognition underscores the bank's prominent role as a leader in S
December 16, 2024