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IBOS member RBC reports its Q1 2018 financial earnings

IBOS member Royal Bank of Canada (RBC) has announced its Q1 2018 financial results, reporting a net income of $3,012 million ending 31 January 2018. RBC’s results in Q1 2018 were driven by strong earnings in Personal & Commercial Banking, Capital Markets, Wealth Management, and Investor & Treasury Services. This quarter’s strong performance also reflects stable credit quality, with a provision for credit losses (PCL) on impaired loans ration of …Read More

IBOS members RBS and Ulster Bank report their 2017 financial results

IBOS member Ulster Bank reports its 2017 Financial Results, as part of the RBS Full Year financial results announcement. In 2017, RBS reported its first ‘bottom-line’ profit in ten years and reported an operating profit of £2,239 million, an increase of £6,321 million compared with 2016. RBS also had an attributable profit of £752 million in 2017. Below are RBS’s financial highlights in 2017: Adjusted operating profit increased by 31.1% …Read More

IBOS member KBC Group announces Q4 2017 financial results

IBOS member KBC Group has today, 22 February 2018, announced its Q4 2017 earnings of €399 million, bringing the profit for the entire financial year to an excellent €2.6 billion. KBC Group’s net result amounted to €610 million for Q4 2017, with the Group’s core activities performing exceptionally well again. The costs remained under control, and the quality of the assets remained good as evidenced by a reversal of provisions for write-downs …Read More

IBOS member Nordea wins Euromoney award for best private banking

IBOS member Nordea has been awarded as the best provider of private banking services in the Nordic region for the tenth consecutive year by Euromoney. Nordea Private Banking has also received the Euromoney country awards for best private banking services in Finland.  Euromoney covers the re-emergence of the international cross-border capital markets. Euromoney reported on, and championed, the euromarket and its growth, in the process becoming the prime magazine of the …Read More

IBOS member UniCredit reports successful Q4 2017 financial results

IBOS member UniCredit posted its strongest fourth quarter in a decade, helped by higher fee and interest income and lower costs, and topped expectations with its first all cash dividend in five years. 2017 started with Italy’s biggest bank raising 13 billion euros from investors, in one of Europe’s largest cash calls, to help clean up its balance sheet under then new Chief Executive Jean Pierre Mustier. Net profit was …Read More

IBOS member Banco Santander, S.A. reports its Q4 2017 financial results

IBOS member Santander’s attributable profit for 2017 reaches €6,619 million, up seven per cent. Banco Santander, S.A. (‘Santander’) increased attributable profit by 7% to €6,619 million during 2017, after €897 million million of net capital gains and provisions, with growth driven by further improvements in the quality and recurrence of revenues, combined with good cost control and an overall strengthening in credit quality. The Group continued to see positive trends across its businesses, with revenues increasing in eight of its ten core markets. Total income increased by 10% to €48,392 million, with net interest income and  fee income increasing by 10% and 14% respectively. The number of customers using digital services increased by 21% during the year to 25.4 million (excluding Popular), helping reduce the cost per transaction by 22% during the year. The launch of a number of  new  digital  platforms  …Read More

IBOS members KBC and Nordea recognised at Global Finance’s Foreign Exchange Awards 2018

IBOS members KBC (Belgium) and Nordea (Finland and Norway) have been recognised as country winners for ‘The World’s Best Foreign Exchange Providers 2018’ at Global Finance’s Foreign Exchange Awards 2018. As the foreign exchange (FX) market is becoming more competitive, the foreign exchange industry is embracing principles for a robust, fair and transparent market for currency trading without threat of law. Global Finance selects its award winners based on factors …Read More

IBOS member Royal Bank of Canada recognised as ‘Best Trade Finance Provider in Canada’ by Global Finance magazine

IBOS member Royal Bank of Canada (RBC) has been named ‘Best Trade Finance Provider in Canada’ for the sixth consecutive year by Global Finance magazine. RBC’s Trade Finance team draws on the global expertise of professionals across RBC, who possess a rich understanding of global and domestic markets and collaborate to serve each client, facilitating their global growth objectives while managing risk. The ‘Best Trade Finance Provider in Canada’ award demonstrates the …Read More

IBOS member US Bank reports its financial earnings for Q4 2017 and Full Year 2017

US Bancorp, IBOS member US Bank’s parent company, has today reported a net income of $1,682 million for Q4 2017, compared with $1,478 million in Q4 2016. The net income in Q4 2017 was 13.8 per cent higher than the $1,478 million for Q4 2016, and 7.6 per cent higher than the $1,563 million for Q3 2017. The increase in net income year-over-year is primarily due to total net revenue …Read More

IBOS member UniCredit awarded Global Trade Finance Services leader in Euromoney’s Trade Finance Survey 2018

IBOS member bank UniCredit has been named Global Best Service Provider for “All Services”, “Products/Payments”, and “Overall Execution” in Euromoney’s Trade Finance Survey 2018. The seventh annual Euromoney Trade Finance Survey recognised UniCredit as the Market Leader for Trade Finance in Italy, Central and Eastern Europe (CEE), Bulgaria, Bosnia & Herzegovina, Croatia, Hungary, Romania, Serbia and Turkey. Additionally, in the new “Best Services” category, UniCredit were named in the top …Read More