07/29/2020
FAB Q2 net income slides as provision charges rise
The bank said it focused on 'diligent risk management' and providing relief to its clientele during the second quarter
Retail Banking
07/28/2020
NBK reports KD 111.1 million net profit for the 1H 2020
“Our economic forecasts indicate a contraction of around 6% in Kuwait’s GDP in 2020 as a result of the economic headwinds resulting from the disruption in commercial activities and the sharp decrease in government revenues as oil prices plunge
07/28/2020
Doha Bank posts QR501mn half-yearly net profit
Net loans and advances increased to QR62.5bn (as on June 30) from QR60.9bn for the same period last year, registering a growth of 2.6%.
07/27/2020
Jordan's Arab Bank group H1 net profits drop 66%
Lower interest rates and weakening oil prices hurt revenues, the bank said
07/27/2020
NBK Provides 24/7 Concierge Service to Its Customers
In this regard, NBK provides an integrated program for Premium Banking Customers (Private Banking, Privilege Banking and Thahabi Package) in partnership with Peacock Concierge.
07/27/2020
Commercial Bank wins 'Excellence in Leadership in Middle East' award from Euromoney
Commercial Bank has taken several measures during the pandemic to meet the market’s requirements and help customers with their daily banking needs through digital channels.
07/27/2020
QIB announces new features on its award-winning mobile app
The latest update, in response to the prioritised customer needs, enables users to retrieve their username and unblock their access to the app.
07/24/2020
Al Khaliji net profit rises 2.6% to QR361mn in H1
On June 30 we issued a joint press release with Masraf Al Rayan expressing our intention to explore a potential merger of the two banks.
07/24/2020
Commercial Bank half-yearly net profit tops QR901mn
The operating profit for the group increased by 17.9% to QR1.52bn for the half year that ended in June compared to QR1.29bn achieved in the same period in 2019.
07/23/2020
Time ripe for banks to move towards green loans: BAB
Green loans are loans to businesses and projects that consider energy efficiency management, more adoption of renewable energy sources, and reduced waste
07/23/2020
First Abu Dhabi Bank wins global tender to be Etihad partner
Abu Dhabi bank will handle all of Etihad's online and offline card-related transactions
07/22/2020
OAB opens new branch in Al Khoud
Similar to the other transformed branches, the new Al Khoud branch features an enhanced brand identity with a refreshed look and feel, coupled with contemporary design.
07/22/2020
Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment
The increase makes Banque Misr the largest shareholder in CI Capital's ownership structure, followed by Global Holding Group with 10.056%, then CIB - Egypt with 7.561%, and Mahmoud El Gamal Charitable Foundation with 5.439%.
07/22/2020
Qatar- Commercial Bank bags 'Excellence in Leadership in the Middle East' Award 2020 from Euromoney
We have taken most of our offerings digitally through our mobile application and internet banking
07/20/2020
Emirates Islamic Bank nets Dh12m as first-half 2020 profit
Bank attributes drop in profitability to higher impairments as well as COVID-19
07/20/2020
Emirates NBD reports Dh4.1b first-half 2020 net profit, down 45% year-on-year
Drop in profit numbers attributed to higher provisions and absence of one-off gains
07/16/2020
QIB posts profit of QAR 1,426.5 Million for the six months’ period ended 30 June 2020 Total Assets reach QAR 165.8 Billion
QIB’s efficient risk management framework has ensured that the H1 2020 results have not been materially impacted by the events related to Covid-19.
07/16/2020
National Bank of Bahrain awarded ‘The Middle East’s Best Bank Transformation’ By Euromoney Awards for Excellence 2020
The awards stand testament to the efforts exerted over the course of the last three years to transform NBB into an institution focused towards the future and a solid, and agile entity that can adapt to changing market dynamics.
07/14/2020
Khaleeji Commercial Bank launches its open banking services platform
The platform is beneficial for clients in a way where they can define budgets, monitor payments, automate the classification of transactions and conduct a comprehensive analysis of deposits and expenses.
07/14/2020
Masraf Al Rayan half-yearly net profit surges to QR1.08bn
The new entity will have total equity of more than QR19bn and expected to contribute positively to the economic development in Qatar through financing development initiatives in line with Qatar’s 2030 vision.