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Retail Banking

03/11/2020

Bahrain: NBK-Bahrain reports net profits of BHD 93.5 million (KD 74.9 million) for 2017, up 27% y-o-y

The Bank’s strong results affirm the success of NBK Group’s regional expansion strategy that is built on a culture of prudence and strict risk management practices.”

03/10/2020

Ahli United Bank introduces lending product for SMEs

The bank is expecting that the service will help its partners towards greater growth

03/10/2020

Saudi banks’ net foreign assets down 51% in January

The value of foreign liabilities owed by Saudi banks rose by 68.8% to SAR 183.67 billion in January, compared to SAR 108.8 billion in the corresponding month in 2019.

03/06/2020

Robust economic growth to support Kuwaiti banks, says Moody's

Lending to single borrowers and volatile real-estate sector pose substantial risks

03/06/2020

Dubai Islamic Bank shareholders approve Noor Bank acquisition

The deal comes after a wave of mergers in the UAE’s banking sector on the back of tougher competition and regulation, coupled with a slowing economy and a slide in house prices.

03/06/2020

Path Solutions, Kuwait-based company launches its digital banking suite

The digital revolution is impacting every part of our lives; banking is becoming a competitive battlefield where only the most efficient, adaptive, and inventive survives.

03/05/2020

Dubai bank Emirates NBD to reduce tariffs following UAE central bank initiative

Late last month, the UAE central bank urged banks to reschedule loans and reduce fees

03/04/2020

Abu Dhabi-based banks report Dhs40.3bn net income in 2019

Last year Abu Dhabi Commercial Bank officially merged with Union National Bank and the combined entity acquired Al Hilal Bank

03/03/2020

Abu Dhabi's FAB launches new payment service for merchants

Merchants can connect to the platform through a single API-driven integration

03/02/2020

Family Bank in Bahrain opens Seef headquarters

The establishment of the Family Bank as a first social bank in Bahrain in 2010 aimed to boost the social security network

03/02/2020

Standard Chartered sees 2019 MENA profits up 29%, warns of impact or coronavirus

British bank generates 68% if its revenue from Asia, particularly China

03/02/2020

Dubai’s DIFC, Mashreq Bank launch bank account opening with KYC blockchain platform

The platform will make it easier for new companies to do business in the UAE, removing existing paper-based KYC processes

03/02/2020

UBF to promote transformation, growth of UAE banking sector

The Federation has an Advisory Council consisting of 28 Bank CEOs which oversees the implementation of the policies

02/27/2020

UAE banks invested Dhs141bn in Q4 2019 across the GCC

Saudi Arabia accounted for 54 per cent of the UAE’s total banking investment

02/27/2020

Profitability at the UAE's four largest banks to remain resilient in 2020

The banks will benefit from solid public-sector loan growth this year, according to Moody’s

02/27/2020

QIB named Qatar’s ‘Best Digital Bank’, awarded ‘Best Mobile Banking App’

QIB has been at the forefront of digital banking, transforming the Bank’s personal and corporate banking products, ultimately redefining banking habits in the country.

02/26/2020

Trade Bank of Iraq showcases investment opportunities in Iraq at Global Trade Review MENA 2020 summit

Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector

02/25/2020

Net Income of Al Baraka Banking Group reaches US$ 180 million in 2019, with total assets exceeding US$ 26 billion

Total assets increased to exceed US$ 26 billion at the end of December 2019 compared to end of December 2018.

02/25/2020

Bank Muscat launches new $28.5mln Al Mazyona 2020 scheme

Bank Muscat has lined up the largest number of high-value prizes in the country with 6,677 winners all set to be rewarded for their savings habit in 2020

02/25/2020

HSBC’s Saudi Arabia affiliate seeks to boost corporate lending

Saudi British Bank, which is 29 per cent owned by HSBC, completed the acquisition of Alawwal Bank last year to create the kingdom’s third-largest lender

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