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Merger of military banks to complete in late Dec.: Iran

Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said the much-anticipated merger of military-affiliated banks will complete in around late December.

Kenya’s biggest bank chases down defaulters to stem loan losses

KCB Group Plc is pursuing defaulters as Kenya’s biggest lender combines recently purchased National Bank of Kenya Ltd. into its operations.

Iranian bank allowed to open branches in Iraq: Official

An Iranian private bank has been authorized by the Central Bank of Iraq to open seven branches in the neighboring Arab country, an official said.

More than a third of UK bank branches have closed since 2015

More than a third of the UK’s bank branches have shut for good in less than five years, while hundreds of those that remain have reduced their opening hours, according to a report.

Qatar's central bank issues $164m treasury bills

Qatar Central Bank (QCB) issued treasury bills for three, six and nine months with a value of 600 million Qatari riyals (roughly $164 million), the bank said in a statement.

Iran, Syria to develop banking ties, set up joint bank: Report

Iran and Syria have vowed to expedite efforts for establishing a joint bank that could help the two allied countries deepen their trade and economic relations.

Australia's central bank holds rates at all-time low as trade war rages

Australia’s central bank held rates at an all-time low of one percent on Tuesday as it weighed the impact of past easing, though markets are wagering the tide of policy stimulus sweeping the world will compel it to cut again before year-end.

Sweden’s economy unexpectedly contracts in blow to central bank

Sweden’s economy unexpectedly shrank in the second quarter, casting further doubts on the Riksbank’s plans to continue to raise rates.

India’s UCO Bank increases its branches to do business with Iran

India's UCO Bank tripled its branches with the aim of enhancing and boosting trade with Iran.

UK banks can cope with no-deal Brexit and trade war - BoE

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as part of its half-yearly assessment of financial risks.

Bank of Japan policymaker sees no need for immediate easing

The Bank of Japan does not need to ramp up monetary stimulus for now as a moderate recovery is expected later in the year but should be ready to loosen policy further if external pressure on the economy intensifies, board member Yukitoshi Funo said on Wednesday.

Reuters poll: Thai central bank seen holding key rate despite flagging growth

Thailand’s central bank is expected to keep its benchmark policy rate steady on Wednesday for a fourth straight meeting, a Reuters poll showed, despite slowing growth and the way many Asian central banks have shifted toward easing policy.

Pakistan’s parliament welcomes establishment of joint bank with Iran

Chairman of Pakistan National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs, Asad Umar, on Wednesday welcomed the proposal made on the establishment of a joint Iran-Pakistan bank.

Deutsche Bank to set up €50b bad bank

Deutsche Bank is planning to overhaul its trading operations by creating a ‘bad bank’ to hold tens of billions of euros of assets and shrinking or shutting its US equity and trading businesses, the Financial Times reported on Sunday.

Bank of Japan’s aggressive easing created tough environment for some banks

Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.