Bloomberg Shares of KakaoBank Corp., a South Korean online-only lender, tumbled 8.2% to a record low after one of its key shareholders raised $320 million in a block trade. Kookmin Bank offered about 14.8 million shares in a club deal, according to terms of the deal obtained by Bloomberg News. The lender sold shares at 28,704 won each, a ...

  Bloomberg Stanbic Bank Kenya Ltd., a unit of Africa’s biggest lender by assets, forecasts its mortgage business in the nation to surge as the economy recovers from the pandemic and the end of presidential elections brings political stability. The unit of South Africa’s Standard Bank group Ltd says it’s Kenya’s second-largest mortgage lender and demand for the product is ...

  Bloomberg ING Groep NV reported second-quarter profit that beat analyst estimates after freeing up provisions for its shrinking business in Russia. Net income of 1.18 billion euros ($1.2 billion) in the three months through June compared with expectations for profit of 1.07 billion euros. , according to a statement by the Dutch lender on Thursday. Loan loss provisions of ...