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Kazakhstan's largest e-commerce group, Kaspi.kz, has agreed to acquire Rabobank's Turkish subsidiary, which is a fully licensed bank in Türkiye with no borrowing or depositing clients and a single branch. The acquisition, announced on March 27, is pending regulatory approval and is considered non-material. Rabobank's Turkish operations, established in 2013, are the 40th largest lender in the Turkish banking sector, with assets of 1.9 billion Turkish Liras as of the end of 2024.
Barclays Bank PLC is set to establish a new brokerage firm, Barclays Securities Inc., in Türkiye, following approval from the Capital Markets Board (CMB). This marks the bank's return to the Turkish market after a significant absence and is seen as a positive development for the local financial landscape. The CMB has been actively promoting the formation of new brokerage firms, having previously authorized two others owned by leading Turkish banks.
A federal court dismissed a lawsuit against Barclays Bank PLC by short-seller Michael Puchtler, who claimed fraud related to volatility-linked VXX securities. Judge Lewis J. Liman ruled that Puchtler failed to demonstrate fraudulent intent or that his losses were caused by fraud, ending the case definitively.
Barclays Bank PLC has announced a capital infusion of over Rs 2,300 crore (£210 million) into its India operations, reinforcing its commitment to the country as a key growth market. This investment follows a previous infusion of Rs 3,000 crore (£300 million) in 2021, bringing Barclays' total capital in India to over Rs 12,400 crore (£1,100 million). The new funds will enhance the bank's ability to serve corporate clients, financial sponsors, and ultra-high-net-worth individuals.
Barclays Bank has announced a capital infusion of Rs 2,300 crore into its Indian operations, reinforcing its long-term commitment to the country’s growing economy. This investment will enhance the bank's balance sheet and facilitate expansion among corporate clients and ultra-high-net-worth individuals. With this latest injection, Barclays' total investment in India exceeds Rs 12,400 crore.
Barclays Bank has announced a capital infusion of Rs 2,300 crore into its India operations, reinforcing its long-term commitment to the country’s growing economy. This investment will enhance the bank's balance sheet and facilitate expansion across investment and private banking sectors, targeting corporate clients and ultra-high-net-worth individuals. With this latest injection, Barclays' total investment in India exceeds Rs 12,400 crore, reflecting the country's attractive business opportunities.
Barclays Bank Plc has announced a ₹2,300 crore investment in its India operations to strengthen its balance sheet and expand its client base. This move underscores the bank's commitment to India, a key market for growth, following a previous ₹3,000 crore capital injection in 2021. Barclays aims to enhance its services, including financial advisory and lending, particularly for Ultra High Networth Individuals.
Barclays Bank has invested Rs 2,300 crore in its Indian operations, raising its total investment in the country to over Rs 12,400 crore. This capital injection aims to strengthen the bank's balance sheet and support growth in investment and private banking sectors, reflecting its commitment to India's economic potential. The bank, which began as a retail venture in India in 2006, continues to expand its services, including M&A advisory and wealth management for ultra-high-net-worth individuals.
Barclays Bank PLC India has received a capital infusion of over Rs 2,300 crore (£210 million) from its head office, raising its total investment in the country to more than Rs 12,400 crore (£1,100 million). This move follows a Rs 3,000 crore (£300 million) boost in 2021 and highlights the bank's commitment to expanding its operations in India, one of the world's fastest-growing economies.The additional capital will enhance Barclays' balance sheet and support growth in its investment and private banking sectors, aiming to reach a wider client base, including corporate clients and ultra-high-net-worth individuals. CEO Jaideep Khanna emphasized India's economic potential as a key factor in the bank's strategic focus.
Barclays is set to release its full-year results on February 13, 2025, with analysts forecasting a rise in pre-tax profits to £8.085 billion, driven by strong performance in investment banking and stable deposit trends. The recent acquisition of Tesco Bank's retail banking business is expected to enhance Barclays' position in the UK market, despite potential challenges from legacy operations. The bank's share price is nearing a 12-year high, with analysts rating it a 'strong buy' and projecting further growth.
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