09/16/2020
Commercial Bank launches $500mn bond at new price benchmark
Investors have positively viewed the strong execution of Commercial Bank’s five-year strategy which has significantly improved the performance of the bank.
Retail Banking
09/16/2020
QNB first in Qatar to debut ‘green bond’ offering under its Medium Term Note Programme
QNB Group received subscriptions in excess of $1.8bn, demonstrating the global investor’s confidence in its solid financial fundamentals and strong financial performance.
09/16/2020
Qatari banks' first-half profit 'strong' despite higher provisioning: Moody's
The combined net profit for these banks declined by 9% to QR10.5bn compared to the same period last year.
09/16/2020
Qatar cultivates first green bonds as QNB raises $600 mln
National Bank of Abu Dhabi, now First Abu Dhabi Bank FAB.AD, sold the first green bonds in the region in 2017 and last week, Saudi Electricity Company (SEC) sold $1.3 billion in dual-tranche green sukuk, or Islamic bonds.
09/15/2020
SABB wins ‘Saudi Arabia’s Best Bank 2020’ award
Also this month, SABB’s Waafer savings account was voted “Product of the Year.”
09/15/2020
First Abu Dhabi Bank partners Aldar for card-based payment to property tenants
This follows a deal struck with Aldar's real estate management arm Provis
09/15/2020
Commercial Bank wins ‘Best Retail Bank in Qatar’ award for fourth consecutive year
The Asian Banker also awarded Commercial Bank the Best Digital Deposit Product of the year. The bank was selected amongst many competitors from Asia, Africa and the Middle East with their Mobile App service, “My Goals.”
09/14/2020
Jordan's Capital Bank begins due diligence to buy Lebanon's Audi's units in Jordan, Iraq
Capital Bank, a major Jordanian corporate bank with $3.5 billion in assets by end of June, would be able to diversify into retail banking through acquiring Audi’s Jordan operations with its 15 local branches.
09/11/2020
Qatar- Commercial Bank receives two awards from International Finance Magazine
Commercial Bank's Mobile Banking Application has long been recognised by different awarding bodies.
09/10/2020
Qatar’s banking sector remains resilient; sees 2.1% credit growth in H1 2020: Report
Globally, as the lockdown restrictions begin to ease, financial institutions are turning their attention to the new competitive landscape within the new normal, and how to come out ahead.
09/10/2020
Qatar- Commercial Bank receives two awards from International Finance Magazine
These two awards reflect the investment we have made in innovative digital technologies and our strategic focus on client experience.
09/08/2020
The Banker names Commercial Bank the ‘Best Performing Bank’ in Qatar
The Banker’s best performing banks selection and rankings incorporate a number of categories and indicators.
09/08/2020
Qatar's Commercial Bank starts marketing 5-year dollar bonds - document
It gave initial price guidance of around 215 basis points over midswaps for the bonds
09/07/2020
FAB may restart talks on Bank Audi's Egypt unit
The initial round of discussions were put on hold in May by the two sides citing difficult market conditions
09/07/2020
Zahrat Al Waha extends loan agreement with Alinma Bank
The loan term starts on 3 September 2020 and ends on 30 June 2021
09/07/2020
Qatari banks’ return on common belongings improves in 2019: QCB
Curiosity revenue, which holds greater than 86% of the whole revenue grew by 11.6%, whereas revenue from charges and commissions additionally elevated on the similar magnitude.
09/06/2020
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks' balance sheets
09/06/2020
Barwa Bank Group’s net profit rises by 12.5% in second quarter
Barwa Bank Group remains steadfast on its mission to strengthen its position in Qatar’s financial sector.
09/04/2020
Turkish banks see 38% rise in net profits at end of June
The ratio of nonperforming loans to total cash loans, the lower the better, stood at 4.25% in the same period, versus 4.57% a year ago.
09/04/2020
Ahli Bank successfully completes new 5-year bond transaction raising $500m
He added that Ahlibank has created a successful benchmark in the international debt capital markets with the support from its Joint Bookrunner banks; Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank.