06/16/2020
"Although these are unprecedented and challenging times, we are confident of our path, as with fortitude and resoluteness , we continue to drive the country’s banking sector.”
06/16/2020
The two Muscat-based lenders are set to proceed with a deal to create an institution with a combined asset base of over 3.2bn rials
06/16/2020
The Saudi banking sector has reported an average increase of 93.3% in expected credit losses (ECL) for the three months period, and significant declines in marked to market valuations since December 2019.
06/15/2020
Seetharaman also stressed that there is a need to “work on your revenue model, embrace the knowledge economy, and invest in the future.”
06/15/2020
Moody’s recently affirmed the ratings and assessments of 11 banks in Saudi Arabia.
06/14/2020
Investing in emerging technologies and first-of-its-kind solutions that are transforming the banking sector
06/12/2020
Foreigners will be allowed to hold up to 40% of CBD stock from June 14 as it looks to widen liquidity pool
06/12/2020
$80 bln in short-term FX debt maturing - Hermes analyst
06/12/2020
The lenders were reacting to a directive from the Kuwait Banking Association on Wednesday to not distribute dividends this year to preserve cash
06/12/2020
The bank’s aggregated loans and advances reached QR1.16 trillion, growing 23.7 percent considering the three-year period to Q1 2017.
06/11/2020
Financial institution to extend use of remote work solutions across 1,300 employees to maintain operations
06/11/2020
Saudi Arabia dominates the list with 33 companies
06/10/2020
The meeting brought to the attention of shareholders the cash dividend distributed to the shareholders on March 25, 2020
06/09/2020
UAE mega-bank has been working on its green credentials over last three years
06/09/2020
Mashreq Bank will help SMEs and new entrepreneurs to open business account
06/08/2020
An official at the National Bank of Egypt said it had collected 122 billion pounds, while Banque Misr’s chairman said it had gathered 49 billion pounds, state news agency MENA reported.
06/08/2020
The combined money and clearance to the gross deposits was 7.6 per cent.
06/08/2020
Lenders safeguard themselves against a looming deterioration in credit quality due to COVID-19
06/05/2020
Banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability
06/05/2020
The bank is now considering issuing the bond soon