17 stories found
Beijing has unveiled a $54 billion financial package designed to inject fresh capital into major state-owned banks and insurance firms. The initiative aims to shore up institutional balance sheets and support broader economic stability.
Two prominent Chinese state-owned banks have announced plans to raise a combined $39 billion in capital, marking a significant move in the nation's financial sector.
Facing a severe drought in venture capital and private investment, the Bangladeshi government and state-owned banks are stepping in to provide emergency liquidity to struggling startups.
Türkiye's government is reportedly planning to merge three of its state-owned banks. This move aims to consolidate the country's public banking sector.
China's four largest state-owned banks have reported strong growth in their first-quarter earnings, indicating a robust performance in the financial sector.
Indonesia is reportedly taking steps to unify the asset management units of its state-owned banks.
Beijing has approved a multi-billion-dollar capital injection into state-owned banks and insurance companies to strengthen their balance sheets and support broader economic recovery. The move aims to enhance lending capacity and stabilize the financial sector amid ongoing domestic growth challenges.
Unionized employees from multiple state-owned banks gathered in Seoul to protest government plans to relocate their headquarters, demanding better working conditions and opposing forced moves.
Financial regulators and economists are raising alarms over the rapid growth of cooperative lending, warning of potential strain on state-owned banks and broader fiscal stability.
The International Monetary Fund (IMF) has cautioned Ghana that banking reforms are incomplete and specialized deposit-taking institutions (SDIs) could become a new source of financial vulnerability if regulatory gaps are not addressed.
An analysis explores the prospective future and challenges facing state-owned banks. The article delves into their evolving role, operational models, and potential reforms in the financial landscape.
State-owned banks in Vietnam are planning to establish a subsidiary bank within the International Finance Centre (IFC).
The North Macedonian government plans to invest $54 billion in state-owned banks and insurance companies to boost capital, as the insurance sector struggles with low profitability due to persistently low interest rates.
Interim results show China's top six state-owned banks recorded a rare synchronized increase in first-half revenue and net profit, signaling a tentative rebound in profit margins after two years of pressure.
Chinese state-owned banks have been called out for engaging in tax evasion and issuing improper loans, according to recent reports.
The Indian government has instructed state-owned banks to implement measures such as using electric vehicles (EVs) and increasing video calls to significantly cut down on fuel consumption. This initiative aims to promote sustainability and reduce operational costs.
China’s six largest state-owned banks, led by ICBC and CCB, are set to distribute over 420 billion yuan (US$61 billion) in dividends for 2025, marking record-high payouts and enhancing their appeal as a stable income source.