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Global Finance: What are the banks strategic priorities over the next five years? Adel Al-Majed: The banks aspiration is to be a leading Islamic bank for high-net-worth individuals and companies, focused on innovation and digital excellence. GF: Which of the banks commercial business segments are showing the most growth?
Africa today is the worlds youngest continent, with a growing population and several fast-growing economies, but significant challenges, including the need for regulatory reform in banking and finance. Global Finance: Last year, we discussed the departure of a number of high-profile foreign banks from Africa.
The ex-CFO of the now-defunct bank, which filed for bankruptcy following the FTX collapse, is arguing he had no “personal financial motive” for deceiving investors.
Bank of China (BOC) continues to play a pivotal role in green finance. Through its “BOC Green+” global brand, the bank is offering a range of green financial products. It has implemented a comprehensive ESG risk management policy governing the entire business cycle for corporate banking.
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Let’s talk about something every business owner and accountant deals with— account reconciliation. If you’ve ever wondered what account reconciliation is all about or how to do it effectively, this guide has got you covered. What Is Account Reconciliation? Bank Reconciliation This is the most common type.
IndusInd Bank is investigating former key management personnel for potential accounting fraud, leading to a significant net loss of 2,328 crore in Q4 and a 71% drop in FY25 net profit. The bank aims for a 'clean slate' in FY26 after addressing these issues.
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accounting standard setter decided against adding a new project to its priority agenda that would have required banks to disclose more information about CRTs.
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With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising compliance costs and risks. Scotiabank has officially exited retail banking in Panama, Costa Rica, and Colombia, marking the latest move by a major international lender to scale back in the region.
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