Bloomberg Credit Agricole SA’s profit came in above expectations as it joined European peers in posting lower provisions to reflect the improving economy. The Paris-based lender said net income jumped to 1.97 billion euros ($2.3 billion) in the second quarter, more than double the same period last year and above the 1.2 billion euros anticipated by analysts polled by Bloomberg. ...

Bloomberg KakaoBank Corp, South Korea’s first internet-only lender to go public, surged more than 70% in its trading debut in Seoul to become the country’s largest retail lender by market value. The stock’s jump of as much as 74% gave the company, which doesn’t have brick-and-mortar branches, a market capitalisation of more than 32 trillion won ($28 billion), bigger than ...

Bloomberg Singapore banks will reward investors with higher payouts from better-than-expected earnings, just a week after the central bank lifted restrictions on dividends, marking a nascent recovery from one of their most turbulent years. All of the city state’s top banks — DBS Group Holdings, United Overseas Bank and Oversea-Chinese Banking — said they would increase dividends by an average ...