Swiss banking giant UBS revealed a first quarter net profit of nearly $1.8 billion on Tuesday, up 71 percent year-on-year, returning to profit after two quarters in the red due to the takeover of Credit Suisse. Its turnover increased by 46 percent to $12.7 billion, the bank said in a statement, with the income of its investment bank the largest project in the integration of rivals Credit Suisse increasing by 16 percent, driven by a more favourable climate on the markets and by the good performance of IPOs and mergers and acquisitions.
JAKARTA: Indonesia s economic growth accelerated in the first quarter of 2024 on the back of election and religious holiday spending, official data showed on Monday.
21st Austria weekly - Warimpex Bawag 29/04/2024 [pic1]BAWAG: BAWAG Group reported a net profit of € 167 million earnings per share 2.11 and RoTCE 23.7% for the first quarter 2024. The operating performance our business was strong with pre-provision profits 257.6 million cost-income ratio 32.9%. Core revenues increased by 7% to 392.8 in Q1 2024 versus prior year. Anas Abuzaakouk CEO commented: “In we delivered set results an 24%. We generated significant amount capital during quarter increasing CET1 90 basis points 15.6% continuing build up excess 623 after deducting dividend accrual 92 million. have earmarked acquisition Knab bank which signed earlier this year addition other M&A at advanced stage. These
Cognizants performance reflects the overall IT sectors sentiment with domestic majors as Tata Consultancy Services, Infosys, and Wipro also reported low single-digit revenue growth. All companies have the majority of their clients based in the US and Europe.