07/13/2020
With customer-centricity placed at the heart of QIB’s digital transformation, the bank found that its online platform is now largely used and praised by its corporate customers, which manage and approve the majority of their daily financial transact
07/13/2020
Financial statements from CIB showed that the bank's net profit fell 9% during Q1 of 2020, to about EGP 2.398bn.
07/13/2020
The accepted company must have been operating for over three years and possess an active workplace, a commercial registry, and a tax card.
07/13/2020
The second-quarter figure was lower than EFG Hermes’ forecast of 3.316 billion riyals for QNB, which operates in more than 31 countries, including large operations in Turkey and Egypt.
07/10/2020
The Bank mandated NCB Capital as sole book runner, lead arranger and lead manager for the private placement offer
07/10/2020
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
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
Sector is likely to face a challenging environment due to COVID 19 headwind
07/09/2020
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
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.