07/10/2020
Saudi NCB announces completion of issuing additional Tier 1 Sukuk
The Bank mandated NCB Capital as sole book runner, lead arranger and lead manager for the private placement offer
Retail Banking
07/10/2020
Bank of Sharjah announces financial results for the period ended 31 December2019
The Bank's UAE operations have generated a Net Profit of AED 163 million for 2019 against AED 130 million for 2018.
07/09/2020
Al Salam Bank-Bahrain announces its virtual internship programme
Long running internship programme aimed at shaping Bahrain's future banking leaders will be conducted virtually for the first time in light of COVID-19
07/09/2020
Saudi banks witnessed improving profitability in Q1 2020 - A&M
Sector is likely to face a challenging environment due to COVID 19 headwind
07/09/2020
Doha Bank bid to bring in more financial firms from Japan to invest in Qatar’s capital market
Gudni Stiholt Adalsteinsson, Head of Treasury and Investment, Doha Bank said if one looks through the lens of global investment, then Qatar’s capital market represents strong fundamentals and good relative value.
07/08/2020
Kuwait banks warn of millions in losses as loan repayments are delayed
Al Ahli Bank of Kuwait said that its expected losses could reach 14 million dinars ($45.5 million), the Commercial Bank of Kuwait expected losses of 13 million dinars ($42.3 million) and Al Khaleej Bank expected will suffer losses of 42 million ($136.6 mi
07/07/2020
Masraf Al Rayan-al khaliji potential merger will enhance combined entity’s franchise
The proposed merger is at an early stage and subject to central bank, regulatory and government approvals, as well as the approval of the banks’ shareholders once due diligence has been completed.
07/07/2020
Saudi Arabia is more optimistic than the IMF about its economy
We believe in the resilience of the Saudi economy.
07/05/2020
QNB 1st in MEA on The Banker’s list of ‘Top 1000 World Banks’
The recognition was based on a number of factors, including pre-tax profits, total assets, capital assets ratio, return on capital, return on assets, BIS total percentage, NPL percentage, loans to assets ratio, RWA density and cost to income ratio.
07/03/2020
S&P reaffirms Commercial Bank’s stable outlook
Commercial Bank currently enjoys strong credit ratings from all the major agencies
07/03/2020
CIB obtains $100m support loan from CDC
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
07/02/2020
Big Bank Merger Points to Trouble at Heart of Saudi Economy
The crown prince’s grand transformation plan is under pressure and the financial industry is key to making it happen.
07/02/2020
Qatar’s banking sector needs further consolidation: Top bankers, analyst
Sharing his thoughts on the industry challenges, Omar said liquidity, revenue compression and credit quality are some of the major challenges being faced by Qatar’s banking industry.
07/01/2020
Qatar banks Al Khaliji and Masraf Al Rayan begin merger talks
The merger is subject to regulatory approval from authorities
07/01/2020
FEB refutes rumors of Egyptian banks funding GERD
Mohamed El-Etreby, FEB Chairperson stressed that there are no Egyptian banks, or banks operating in Egypt that purchased Ethiopian government bonds
06/30/2020
Qatar banking sector challenges to be cushioned by system’s resilience and strength: KPMG
Local financial institutions will need to be agile, flexible and willing to transform their business models and practices in order to succeed and secure their financial strength for future growth.
06/30/2020
QNB launches new contactless campaign for Mastercard cardholders
The contactless payment capabilities integrated into the current QNB cards in the market
06/30/2020
NCB-Samba merger to create national champion in banking
But the NCB-Samba merger is more than a tidy-up of historical loose ends.
06/29/2020
Ahli Bank seals strategic partnership with Dhofar Insurance
On the strategic tie-up, Hana Fahad Al Hinai, the DGM Retail Banking from Ahli Bank, said: "We are pleased to collaborate with the Dhofar Insurance Company.
06/29/2020
Egypt- CIB named Bank of the Year, Credit Agricole most efficient: Business News
The CIB scored the most points across the four indicators, outperforming other banks operating in Egypt that were able to lead one or more of these indicators.