10/15/2020
First Abu Dhabi Bank denies merger talks with Abu Dhabi Islamic Bank
"Our official stance on this remains the same as our official statement published on ADX in April 2019," FAB said in an emailed response
Retail Banking
10/15/2020
QIB posts nine-month net profit of QR2.22bn
Total operating expenses for the nine months’ period ended September 30 decreased to QR821.9mn from QR827.8mn for the same period in 2019.
10/15/2020
Major Gulf markets dip as financials decline
The United Arab Emirates' largest lender on Wednesday denied a local news report that said it was in merger talks with Abu Dhabi Islamic Bank ADIB.AD.
10/14/2020
Bahrain Development Bank selects TCS BaNCS Global Banking platform
The solution will also assist the Bank in launching new products, speed up innovation and develop enhanced superior experiences for its customers.
10/14/2020
National Bank of Bahrain transforms its treasury operations with Fusion Kondor
Through its Digital Transformation initiative, National Bank of Bahrain aims to enable higher levels of automation to improve operational efficiency and extend its offering with innovative products.
10/14/2020
Emirates NBD Asset Management launches Signature Multi-Asset Funds
This sophisticated approach, constantly monitored, balanced and adjusted to market conditions, will be accessible to a wide audience, with a low minimum investment of USD 1,000 and daily liquidity.
10/14/2020
GCC banking sector faces prolonged slump in profits
Banks’ loan growth slowed in first-half 2020 to an annualized rate of 6.6 per cent
10/14/2020
Year's biggest bank merger sealed as Saudi rivals reach US$15b deal
Its US$46 billion market capitalisation nearly matches that of Qatar National Bank QPSC, which is still the Middle East's biggest lender with about US$268 billion of assets.
10/13/2020
Commercial Bank of Dubai hires banks for perpetual bonds
The group of banks includes Citi, Standard Chartered, Barclays, Emirates NBD, First Abu Dhabi Bank, and Nomura
10/13/2020
Fitch Affirms Burgan Bank Turkey at 'B+'; Downgrades Viability Rating to 'b-'
The downgrade of the VR reflects heightened pressures on the bank's performance and asset quality resulting from the coronavirus pandemic.
10/12/2020
HSBC’ economists forecast 2.4% GDP growth in Egypt in 2020: Regional CEO Tricaud
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
10/12/2020
Saudi Arabia's NCB and Samba agree to $15bn merger that will create kingdom's largest lender
Tie-up of the two lenders will create the third-largest bank in the Arab world with $223bn in assets
10/12/2020
QNB nine-month net profit falls as it books more provisions
The Gulf's biggest lender set aside additional loan loss provisions
10/12/2020
NCB-Samba to merge into Saudi banking heavyweight
Saudi Arabia has encouraged consolidation in the banking sector as it seeks to create stronger entities able to support the role the private sector can play in its push to diversify its oil-dependent economy.
10/11/2020
The Egyptian Central Bank establishes a company to transfer funds and...
The central bank will contribute to the capital of the new company, with a share of 35%, while banks, Al-Ahly, Egypt and Cairo and others will own the remaining share.
10/09/2020
Barwa Bank rebrands into Dukhan Bank, eyes ambitious business and digital transformation
The rebranding also reflects a shift in the bank's mindset toward product and service innovation
10/09/2020
Oman’s top banks see 34.2% decline in H1 profits: Report
Oman’s banks saw a decline in credit flow, revenue compression and significant increase in non-performing loans
10/09/2020
Developing an educational platform for banking in “Abu Dhabi Global”
“This initiative is of great importance, especially as developing the environment for the banking sector with an advanced approach"
10/07/2020
QIB named ‘Best Bank for SMEs in Qatar’ at Asiamoney Best Bank Awards 2020
In lights of the Covid-19 outbreak, QIB had a proactive response to the economic implications of the crisis on SMEs, and has immediately postponed financial
10/06/2020
Egypt’s banks brace for change
A combination of Gulf banks with deep pockets and changes to Egypt’s banking regulations is spurring hopes