08/27/2020
Bahrain's BBK exploring acquisition of Ithmaar Bank
The deal is still "in the preliminary discussions phase"
Retail Banking
08/27/2020
Bahrain Islamic Bank Wins Award for ‘Best Corporate Social Responsible Bank Bahrain’ and ‘Most Innovative Retail Bank Product Bahrain’
We’re proud of our achievements and look forward to accomplishing more milestones over the coming years
08/27/2020
Bank of Bahrain and Kuwait in talks to acquire retail Islamic bank Ithmaar
This acquisition move is in line with the current banks M&A trend in the Gulf Cooperation Council (GCC) region.
08/27/2020
Automated payment retrieval service to come into force soon — Hafez
He said that the number of payment machines operating in all sales outlets all over the Kingdom until the end of last month accounted for about 560,000 devices that serve all commercial sectors.
08/27/2020
Top UAE bank profits surge in second quarter as lending jumps
Net interest income, a key number for banks, fell 7.3 percent for the country’s top lenders while net fee income plunged 23 percent as lockdowns limited the income from cards and new business volumes
08/26/2020
Barwa Bank announces successful exit of education investment in Qatar
“We consistently endeavour to identify and support initiatives that aim at furthering investment in key sectors that are vital for enhancing the Qatari economy.“
08/26/2020
Top ten UAE banks’ Q2 profits surged 21.2 per cent compared to Q1
Net interest margin witnessed contraction as cost efficiency improved
08/26/2020
Qatar banks’ assets expand in double digit in July on robust credit offtake
The commercial banks’ domestic credit expanded more than 12% year-on-year to QR1.01trn; whereas overseas credit fell about 7% to QR72.74bn in the review period.
08/26/2020
UAE bank profits signal slow recovery for Q3: A&M
Despite challenging market conditions, the banks witnessed a fringe surge in loans and advances, and deposit growth. This has added liquidity in the banking system.
08/24/2020
UAE- ADJD launches digital money order for disbursement of deposits
The innovation is likely to speed up the bank transfers and expedite remittance of their dues to the court users in an easy and simple way.
08/24/2020
National Bank of Fujairah launches the first-of-its-kind SME community platform in the UAE
NBF Connect will serve as a collaborative ecosystem and a one-stop-shop for SMEs with partners including Etisalat and Visa
08/24/2020
Commercial Bank wins Finance Monthly's CFO Award for 2020
Rehan Khan, winner of this year’s CFO Award, joined Commercial Bank as Chief Financial Officer in 2013 and is also a director of Commercial Bank subsidiaries Orient 1, CBQ Finance, CB Global and CB Financial Services.
08/21/2020
QDB extends coverage period of National Response Guarantee Program
QDB stated that companies wishing to benefit from the programme must be fully owned by private sector and registered in the wage protection system in force in Qatar.
08/20/2020
Rania Nashar wins Distinguished Arab Woman Award in the field of economics and banking
Nashar becomes the first Arab woman to win this award in this field since its launch by the Arab League in 2004.
08/20/2020
First Abu Dhabi Bank extends Dh3.97b as rebates to small businesses
These relate to service fees charged on credit card transactions between April to June
08/20/2020
Rising provisions take toll on Saudi bank profits in first half of 2020
Moody’s expect further asset quality deterioration this year
08/19/2020
UAE national banks’ assets hit $816bn in H1
Loans also witnessed growth, climbing 8 percent from AED1.509 billion to AED1.629 billion during the reference period.
08/18/2020
Saudi public banks report 10% drop in H1 profits
The aggregate ratio of net income to assets was strong at 1.6%, but down from 2.1% in first half 2019 and 1.9% in 2019.
08/17/2020
Bank Nizwa records 37% growth in net profits
The bank’s performance is quite commendable as it has been achieved under an extremely challenging Covid-19 affected market environment.
08/17/2020
Burgan Bank Announces First Quarter and Half Year Results of 2020
Burgan’s Net Income reduced due to higher provisioning in response to the Covid-19 pandemic.