05/20/2020
Rounding off a busy and exciting year, the bank achieved several cutting-edge initiatives, pioneering digital disruption in the Sultanate and providing its customers with the best in modern banking.
05/20/2020
The bank has seen a 21 per cent increase in transactions over the previous quarter
05/20/2020
The bank’s gross customer deposits and loans rose by 2% YoY
05/19/2020
Ziraat Bank, presiding over a profit of TL 1.8 billion following a 70% increase in the first quarter, became the sector leader in terms of profitability.
05/19/2020
First Abu Dhabi Bank was formed in 2017 from the merger of National Bank of Abu Dhabi and First Gulf Bank.
05/19/2020
In the first quarter of 2020, the bank launched a number of digital products and services as part of its strategy to simplify money matters for customers, thereby enabling them to perform a wide range of banking transactions.
05/18/2020
The earnings per share are SR0.50 compared to SR0.74 for the corresponding period of the previous year.
05/18/2020
One of the sources said the deal was worth $700mln but the timing was now not right due to the need to support the UAE economy
05/18/2020
Net impairment charge for expected credit losses reached to 396 million riyals for the current period against 145 million riyals in the similar period of the previous year with an increase of 173%.
05/18/2020
This can be seen in the global banking industry, which has been slower to evolve than most, so entrenched and established are its business practices.
05/18/2020
The UAE central bank has launched $70 billion worth of capital and liquidity measures to support the economy during the crisis.
05/18/2020
NCB's net profit was $745.5mln for the period that ended March 31
05/15/2020
It has implemented a series of innovative service solutions to support key players in the sector, such as Amazon, Landmark and Mumzworld.
05/15/2020
The Negative Outlook on ABC's IDR reflects also Fitch's expectation of the bank's weaker asset quality, earnings and profitability over the next 12 to 18 months compared with when the ratings were last reviewed on 7 October 2019.
05/14/2020
Loans grew 2% to $26.2bln
05/11/2020
Its net loans stood at Dhs247bn and customer deposits at Dhs263bn as of the end of Q1 2020
05/08/2020
Leading the Fintech agenda in the region, the bank hosts the Middle East and Africa Fintech Forum annually with its subsidiary Arab Financial Services.
05/08/2020
Total income also increased by 7 percent to QR34.2m compared to the same period last year. Income from structured products also increased by 27 percent compared to the first quarter of last year.
05/07/2020
Programme comes as part of NBB’s continuous efforts to support employee career progression and development
05/07/2020
The bank set its final price guidance at 225 basis points (bps) over mid-swaps, tightening by 35 bps from where it began marketing the notes earlier on Tuesday.