04/13/2020
UAE’s Emirates NBD launches contactless export trade collections service
Clients can access the new digital feature from the safety of their homes or offices to submit an export collections request
Retail Banking
04/13/2020
QNB posts QR3.6bn net profit in first quarter
QNB Group improved efficiency (cost to income) ratio from 25.9% to 25.6%, which is considered one of the “best ratios” among large financial institutions in the MEA region.
04/13/2020
Qatar- Commercial Bank launches products for digital payments and remittance
Amit Sah, EGM and head of Retail Banking, Commercial Bank, explained that the ‘CB Household Worker PayCard' can be applied for digitally using the bank's mobile banking app.
04/09/2020
NBE’s profit rise end-June 2019
National Bank of Egypt reported a 100% growth in its net profits after taxes
04/08/2020
Kuwait's ABK reveals $26mln exposure to NMC Health
The bank has no exposures to other subsidiaries of NMC Health
04/07/2020
Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB
The services sector saw a 36.55% yearly growth in credit to QR296.57bn, which was 30% of the total domestic loans this February.
04/07/2020
Bahrain’s banking system grows 4.6% in 2019
Domestic banking assets amounted to $68.5bln at the end of 2019
04/07/2020
ADCB Group Completes Complex Three-Bank Integration to Create Fully Unified, Powerful Banking Group
Abu Dhabi Commercial Bank Group PJSC (ADCB Group) has achieved full integration of Union National Bank (UNB) and Al Hilal Bank significantly ahead of schedule
04/06/2020
NBK Pioneers in Introducing e-Dividend Services
Al- Khorafi: "We strive to offer the best services to NBK shareholders providing them with the easiest and most convenient options to have their cash dividends directly deposited in their bank accounts"
04/03/2020
Egyptian banks explore multiple avenues to growth
Before the coronavirus outbreak, the International Monetary Fund expected that the Egyptian economy will grow by 5.9 percent in 2020 to become the biggest growing economy in the Middle East and North Africa.
04/01/2020
ADCB exposure to NMC Health could top $1b
UAE’s largest healthcare operator has combined debts of $6.6b
04/01/2020
NBB continues to implement measures to safeguard well-being of its employees and support individual customers
NBB has also enabled remote access to operational personnel currently working from home.
03/31/2020
Abu Dhabi bank ADCB says no layoffs in 2020 due to Covid-19 impact
The lender, the third largest in the UAE, is also participating in a package of financial incentives
03/31/2020
Turkey doubles guarantees on loans to spur credit
The new regulation was followed by a joint statement from three government-held banks that emergency loans will be extended to families with a monthly income of 5,000 liras or less.
03/30/2020
Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019
The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018
03/30/2020
BankDhofar contributes OMR 1 Million towards combating COVID-19
Earlier, BankDhofar had worked with the Ministry of Health to open a bank account dedicated to support the cause, encouraging customers and the general public to donate and contribute to fighting the spread of the disease
03/30/2020
Ajman Bank says it will not lay off any of its employees in 2020
The move comes despite the economic impact of the Covid-19 pandemic
03/30/2020
Qatar- QIB launches mPay digital wallet on its award-winning mobile app
With a loaded mPay digital wallet, customers can make instant transfers to other wallets within QIB, or the wallets of customers at other banks that are registered on mPay, by simply entering the beneficiary mobile number from their phone ‘Contact L
03/27/2020
The UAE's 2 biggest banks are seeking opportunities abroad — here is why
"There are limitations to how fast you can grow organically in overseas markets," he said.
03/27/2020
Abu Dhabi banks offer loan and financial relief amid virus outbreak
Abu Dhabi's stimulus package includes offering refinancing, loan repayment deferrals or lower repayments where required.