Nairobi / AFP Kenya’s banking industry last year recorded the first decline in profit since 1999 as costs outpaced income in the wake of two failures and more onerous regulations. Pretax profit across the sector declined 5 percent to 134 billion shillings ($1.3 billion) in the 12 months through December, according to the central bank’s Bank Supervision Report, released in ...

  The Hague / AFP Dutch bank ING, the country’s biggest lender, said on Wednesday that its second-quarter operating profits rose by more than a quarter as it boosted lending. Underlying net profit, which strips out one-off items, rose by 26.7 percent to 1.4 billion euros ($1.6 billion). Net profit more than quadrupled to 1.3 billion euros, but the huge increase ...

  London / Bloomberg Three of the UK’s biggest banks face extra charges of about 1.5 billion pounds ($2 billion) after the Financial Conduct Authority said it will probably delay a deadline on payment protection insurance complaints by a year, according to Citigroup Inc. Lloyds Banking Group Plc may have to set aside an additional 750 million pounds to cover ...