08/27/2020
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
“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
Net interest margin witnessed contraction as cost efficiency improved
08/26/2020
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
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
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
NBF Connect will serve as a collaborative ecosystem and a one-stop-shop for SMEs with partners including Etisalat and Visa
08/24/2020
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 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
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
These relate to service fees charged on credit card transactions between April to June
08/20/2020
Moody’s expect further asset quality deterioration this year
08/19/2020
Loans also witnessed growth, climbing 8 percent from AED1.509 billion to AED1.629 billion during the reference period.
08/18/2020
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
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’s Net Income reduced due to higher provisioning in response to the Covid-19 pandemic.
08/17/2020
The Global Business Outlook awards aim to recognize and reward excellence in business to companies all over the globe, both in the public and private sectors.
08/13/2020
Shrinking interest margins and non-interest incomes force banks to cut costs further
08/12/2020
Minister of International Cooperation Rania al-Mashat stated earlier that cooperation volume between Egypt and the European Bank for Reconstruction and Development amounts to €6.5 billion through 115 projects.
08/12/2020
As part of the campaign, top 1,000 customers’ cardholders will get a free subscription to QIB-MyBook App