06/05/2020
Saudi banks face tough few quarters but are well capitalised, say CEOs
Banks face a tough few quarters as the coronavirus crisis and weak oil prices put pressure on profitability
Retail Banking
06/05/2020
Dubai Islamic Bank to revive Islamic bond deal postponed amid market turmoil - sources
The bank is now considering issuing the bond soon
06/05/2020
Bahrain’s banking sector posts 1.8% growth
The local banking sector continues to prove strength and resilience
06/04/2020
Bank ABC, BFB team up to accelerate growth of fintech ecosystem in Bahrain
The partners will deploy fintech inclusive solutions specifically for large underserved blue-collar segments and youngsters below the age of 25 in the MENA region.
06/04/2020
UAE banks’ profitability witnessed substantial deterioration in Q1: report
UAE banks’ profitability witnessed substantial
06/04/2020
Citi defies coronavirus with Western European corporate lending push
The 15 offices are predominantly in central and eastern Europe including Poland, Turkey and Russia.
06/04/2020
KPMG Report Reveals New Age Banking Trends
The local banking sector continues to prove strength and resilience as the listed banks in Bahrain saw growth in their asset base by 9 percent despite the liquidity pressure.
06/04/2020
EBRD TFP Awards recognise successful partner banks from three continents
In 2020, the Programme has stepped up its support, providing amplified financing for trade with a record €1.5 billion in the first five months of the year.
06/03/2020
SABB named ‘Best Trade Finance Bank’ in Saudi Arabia
SABB remains the trade provider of choice in Saudi Arabia
06/03/2020
QNB wins ‘Leader in Trade for Qatar’ award
The online trade portal platform, offers a single window for customers seeking access to trade finance products, all in one place, enabling the facilitation and origination of transactions, simply and securely.
06/03/2020
First Abu Dhabi Bank sells $500 mln in Formosa bonds
This is also FAB’s second Formosa deal in 2020 having issued $485 million 30-year in January.
06/02/2020
Dubai Headquarted Emirates NBD Bank and property start-up Urban partner to enable monthly rental instalments
Launched earlier this year, Urban’s innovative platform has brought the entire rental journey online,
06/02/2020
QDB highlights Qatar's efforts in facing coronavirus repercussions on business sector
Speaking about how the Qatari private sector companies deal with the new changes and conditions related to the spread of the pandemic
05/31/2020
Retail industry witnesses transformational shift towards e-commerce globally
A report by Dubai Future Foundation foresees the future of retail post COVID-19
05/29/2020
Private sector customers lead double-digit deposits growth in Qatar banks
Total customer deposits constituted more than 56% of the commercial banks' total liabilities in March 2020.
05/28/2020
Leumi Reports First Quarter 2020 Results
The income from this liability decrease was directly credited to the Bank’s shareholders’ equity and is therefore not reflected in the said results
05/22/2020
Bank Muscat AGM approves 35% cash dividend, 5% bonus shares
Shareholders of the bank ratified the pay-out of 40% dividend for 2019.
05/22/2020
UAE banks’ risk rise in bad loans: S&P
It said the volume of stage 3 loans - non-performing loans that require significant write downs - will rise to 7%-8% of system-wide loans in 2020-2021
05/21/2020
Qatar banks’ net profit growth averages 5.5% in 2019: KPMG
Banking experts agree that the sector will be dealing with the effects of this pandemic for the foreseeable future
05/21/2020
Saudi banks maintained sound financial metrics in 2019, but under pressure - Fitch
The average net interest margin remained strong and steady at 3.7%