All articles by Duygu Tavan
Duygu Tavan
OTP, Oberthur sign contract for contactless cards
Hungary-based OTP Bank is going to roll out contactless cards in the country’s fifth biggest city, Pecs. OTP Bank has partnered with Oberthur to roll out contactless city cards in Pecs. The contactless city card will be issued by MasterCard in prepaid format and deploy the card issuer’s PayPass technology.
NAB social media break-up campaign pays off
The bank has recorded a significant increase in the number of mortgage customers switching from Commonwealth Bank of Australia (CBA) and Westpac to NAB’s lower standard variable home loan rate since the launch of the break-up campaign by 43% and 37% respectively, according to NAB’s group executive, personal banking, Lisa Gray.
BBVA Q1 net income dips 7.3% YOY
BBVA’s net income for the three months ended March has fallen by 7.3% to 1.15bn from a year ago. The groups net interest income in the first quarter of fiscal 2011 declined by 6.3% to 3.2bn compared with the corresponding period last year.
Denizbank in deal with Mobinex for m-banking apps
Belgian lender Dexia’s Turkish subsidiary Denizbank has signed up Mobinex, a mobile applications provider, to develop mobile banking applications for the bank. Denizbank is to introduce a mobile banking application titled DenizBank SifreTek to enable customers to log in to mobile and online transactions with a one-off password. The bank will deploy
La Caixa 1Q11 net income slumps 33%
La Caixa’s net interest income for the three months ending March also slumped by over a fifth (21.5%) compared with the year-ago quarter to 701m. However, net income generated from fees increased by 15.8% from the corresponding quarter last year to 383m although the increase was in particular boosted by a high number of transactions in investment banking, funds and insurance, the bank said.
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Ziraat to implement biometric ATMs
Ziraat Bank, Turkey’s largest state-owned lender, is to introduce biometric ATMs that will identify customers by their individual vascular pattern on their palms.
ANZ half-year profit up 23%
Australia and New Zealand Banking Group (ANZ) has recorded a A$2.8bn net profit for the six months to 31 March, up by 23% from the corresponding period a year ago. Net interest income for the six months to end-March rose by 8% to A$5.7bn year on year; fee income remained unchanged at A$1.2bn.
Deutsche Bank first quarter net income up 17%
Deutsche Bank has recorded a first quarter net income of 2.1bn ($3.1bn), up by 16.7% compared with the first quarter a year-ago. Pre-tax income for the three months to end-March rose by 7% year on year to 3bn. Deutsche Banks retail-focused Private and Business Clients unit posted a pre-tax income for the three months to 31 March of 788m, which included a 221m contribution from its acquisition of Postbank, Germanys largest retail bank
Commerzbank 1Q11 net profit up 41%
Germany’s second largest privately-owned retail bank by branch network, said in its preliminary earnings announcement that its net profit for the three months to 31 March amounted to about 1bn, compared with 790m in the year-ago quarter.
Swedbank 1Q11 profit soars to SEK3.9bn
Swedbank, one of Sweden’s four largest retail banks, has posted a first quarter net profit of SEK3.9bn ($644m), compared with SEK536m in the corresponding period in the prior fiscal. Swedbank’s retail division increased its net profit for the three months to end-March by a third to SEK1.6bn. The surge in retail profits was boosted a 20% increase in net interest income to SEK2.9bn from the year-ago quarter.