Russian financial institution Sberbank has reported its financial results for the first eight months of 2012, in accordance with its own internal methodology. Net interest income increased by 26.2% compared to the corresponding period last year, with net fee and commision income up 17.7% on the same basis. Before provisions are taken into account the [...]
New measures proposed for trading book rules are likely to result in banks, investors and regulators placing greater emphasis on standardised (i.e. regulator determined), as opposed to internally modelled, capital requirements. The claim is made in a new report from PricewaterhouseCoopers (PwC), published alongside the Basel Committee’s deadline for responses to its consultation on its [...]
Industrial and Commercial Bank of China Limited (ICBC) has reported its financial results for the first six months of 2012. During this period the bank made net profits of RMB123.2bn, a 12.5% rise compared to the corresponding period last year, with earnings per share rising by RMB0.04 to RMB0.35. Net assets per share increased from [...]
The DZ BANK Group has reported its financial results for the first six months of 2012, including pre-tax profits of €515m. The biannual pre-tax result takes into account the temporary impairments, worth €500m, of its exit portfolio of government bonds issued by eurozone periphery states. In the same period last year the firm reported pre-tax [...]
Russian financial institution Sberbank has reported its interim financial results for 2012, in accordance with International Financial Reporting Standards (IFRS). Biannual net profit was RUB175.3bn, (equating to RUB8.03 per ordinary share), down half a percent from the same period in 2011 when the firm made RUB176.1bn, (or RUB8.12 per ordinary share). Operating income prior to [...]
Canadian Western Bank (CWB) has reported its financial results for the third quarter of its fiscal year, including record net income of $48m, a 24% rise compared to the corresponding period last year. Profits also increased quarter-on-quarter (by 21% from $39.7m), which has largely been attributed to a 7% rise in net interest income. The [...]
Scotiabank has reported that in the third quarter of its financial year it made a net income of $2,051m, more than 50% better than the $1,303m it made in the corresponding quarter last year. Similarly, diluted earnings per share rose, year-on-year, from $1.10 to $1.69, and return on equity rose from 17.8% to 24.6%. Canadian [...]
TD Bank Group has reported its results for the third quarter of its financial year, including reported net income of $1,703m, equating to reported diluted earnings per share of $1.78. This compares favourably with the reported net income of $1,490m ($1.58 diluted earnings per share) the firm achieved in the corresponding period last year. Quarterly [...]
Canadian financial institution CIBC has reported that in the third quarter ended 31 July 2012 it made net income of $841m, compared to $591m for the same quarter last year. Quarterly net income was also improved, by a smaller margin, from the second quarter when the firm made $811m. Reported diluted earnings per share in [...]
BMO Financial Group has reported its results for the third quarter of its financial year, including net income of $970m, with net income per share of $1.42. This is a 37% ($262m) rise on the corresponding period last year, but is down on the $1.03bn that the firm made in Q2. Quarterly adjusted net income [...]
Citigroup has agreed to settle a class action lawsuit brought on behalf of investors who purchased the bank’s common stock during the period 26th February 2007 through to 18th April 2008. The deal awaits court approval but Citi intends to pay a total of $590 million to shareholders who claim they were fraudulently misled by [...]
The BayernLB Group has reported that in the first six months of 2012 it recorded pre-tax earnings of €174m. This is down around a quarter from the €244m that the firm achieved in the corresponding period last year, and follows Q1 profits of €54m. The second quarter pre-tax earnings of €120m were a significant improvement [...]
Crédit Agricole Group has reported that in the second quarter of 2012 its net income was €863m, a 2.1% year-on-year decline but 7.2% improved quarter-on-quarter. In addition, Crédit Agricole S.A. reported net income group share of €111m during the second quarter. This is less than a third of the €339m that was achieved during the [...]
Landesbank Baden-Württemberg (LBBW) has reported its financial results for the first six months of 2012, including IFRS consolidated profit after tax of €165m. This is less than half the €350m that the firm achieved in the corresponding period last year. Biannual net interest income rose by 3.6% to €1.25bn, but net fee and commission income [...]
Irish Bank Resolution Corporation Limited (IBRC) has reported its interim financial results for the six months ended 30 June 2012. IBRC reported a biannual operating profit of €359m (not accounting for disposals and provisions), and a loss for the six months of €724m. Net interest income rose 14% year-on-year to €538m, and total assets fell [...]
The Co-operative Group has reported its financial results for the 26 weeks ended 2 July 2012, consolidating the results of The Co-operative Banking Group (CBG). CBG reported an operating result of £36.9m, significantly less than the £115m made during 2011. It also reported a pre-tax loss of £23.2m, which compares poorly with a pre-tax profit [...]
Bank of China has reported its financial results for the first six months of 2012, including net profits of RMB75bn. This is a 6.8% rise compared to the corresponding period last year when the firm made RMB70.13bn. Profits after tax rose by 12.28%, once the one-off effects of Lehman Brothers-related products etc in H1 2011 [...]
Canadian firm ATB Financial has reported its financial results for the first quarter of its fiscal year. Net income for the quarter ended 30 June 2012 was $54.2m, a year-on-year decline of 3.9% ($2.2m). However, this is a quarter-on-quarter rise of 28.5% ($12m) from the final quarter of the previous financial year. Quarterly total operating [...]
Australia and New Zealand Banking Group Limited (ANZ) has reported its financial results for the nine months ended 30 June 2012. Unaudited underlying profit increased by 5.5% to $4.5bn, with unaudited statutory profit after tax up by 10.3% to $4.4bn. Income from the Wealth division declined, but the Australia, New Zealand and International and Institutional [...]
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