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This was thanks to a rise in demand from both corporates and households.

A social media post had claimed that the central bank is supporting an investment platform.

The bank plans to offload $262m of bad loans in 2024.

Contributions from overseas businesses drove up loan growth and fee income.

Banks should focus on integrating new technology into banking processes without forgetting that humans are at the center.

The Extraordinary General Meeting of Comarch S.A. was held on 3 January 2024.

There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.

They must also simplify business models and embrace their “tech” identity. 

The bank has outlined growth plans to grow its AM business.

But capital ratios and loan-to-deposit ratios declined during the year.

It aims to improve transparency and accountability, amongst others.

The bank is reportedly in talks with overseas asset managers for deals.

At least 1 in 2 respondents had an outstanding loan from a formal lender.

Notable changes include stating guidelines for T&C changes and its extent of accountability.

In 2023, SMBC had raised its ownership of Jefferies to 15%.

Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.