07/08/2020
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
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
We believe in the resilience of the Saudi economy.
07/05/2020
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
Commercial Bank currently enjoys strong credit ratings from all the major agencies
07/03/2020
Loan forms part of executive management plans to strengthen CIB’s capital base, in preparation for expected economic recovery
07/02/2020
The crown prince’s grand transformation plan is under pressure and the financial industry is key to making it happen.
07/02/2020
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
The merger is subject to regulatory approval from authorities
07/01/2020
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
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
The contactless payment capabilities integrated into the current QNB cards in the market
06/30/2020
But the NCB-Samba merger is more than a tidy-up of historical loose ends.
06/29/2020
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
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.
06/29/2020
It recognises financial institutions for their vision, execution capabilities and market leading propositions that make a real impact to the financial sector and its consumers.
06/29/2020
Balance-sheet gains and $210b in assets will certainly do a lot of talking
06/26/2020
The merger of the two banks took place in a transparent and effective manner with the transfer of assets and liabilities of ibq to comply with Sharia principles
06/26/2020
The merger is expected to create one of the region's largest banks
06/26/2020
Move comes amid push for consolidation in Gulf finance world