05/02/2019
Banks merge to create UAE's third largest lender
Following the landmark transaction, the combined entity trades on Abu Dhabi Securities Exchange under the ticker of ADCB.
Retail Banking
05/02/2019
NBF’s Q1 net profits up 15% to Dh167.6
Rise in interest income supports gain in profitability
05/02/2019
Bahrain has potential to be a global center for microfinance financial transfers: Ebdaa Bank
Ebdaa Bank for Microfinance and AGFUND working towards making Bahrain a global center for microfinance
05/01/2019
UAB reports net profit for Q1 2019
Interest income increased by 6% compared to prior year
05/01/2019
Qatar banks maintain growth trajectory in March: QNB
In terms of Qatar's fiscal and external balances, QNB report said the trade balance “remained healthy” at $3.8bn in February.
04/30/2019
Gulf Bank records a net profit of KD 11.8 million for Q1 2019
Net profit grows 9% in Q1 2019 vs Q1 2018* Total assets increase to KD 5.8bn
04/30/2019
FAB reports record first quarter 2019 net profit
Record net profit up 6% sequentially and 4% year-on-year
04/30/2019
BBK discloses its financial results for the first quarter ended 31st March 2019
An increase of 9.5%. Basic Earnings per share were 19 fils compared to 15 fils in last year.
04/29/2019
Jordan’s Arab Bank Group posts 5.2% profit rise
Revenue up due to increase in loans and deposits, company says
04/29/2019
Saudi Arabia's Samba bank Q1 net profit down 7.4 pct
Its chief executive, Rania Nashar, told Reuters earlier this month the bank would increase consumer lending to tap opportunities in mortgages and financing for small to medium sized firms.
04/29/2019
UAE’s United Arab Bank cuts 150 jobs – sources
The cuts are mostly junior and middle level staff and some senior positions, the sources said
04/29/2019
Qatar Development Bank opens registration for 'ROWAD Award 2019'
Qatar topped the global entrepreneurship environment, according to the Global Entrepreneurship Monitor report featuring some 56 countries, which also confirms the leadership’s keenness in promoting entrepreneurship and integrate it into the na
04/29/2019
Commercial Bank wins 'Asian Banker Financial Technology Innovation Award'
'The Bank continues to invest in innovative technology to provide the best customer experience, said Amit Sah, executive general manager (Consumer Banking) said.
04/29/2019
KFH achieved positive performance for the fifth consecutive year: Al-Roshood
Q1 2019 earnings webcast says operating profits reflect success of KFH strategy
04/27/2019
Sohar International posts 14% net profit
Operating profit increased by 11.2 per cent from OMR12.40 million in the first three months of 2018 to OMR13.79 million in 2019.
04/26/2019
SBP reserves dip 2.4% to stand at $9bn
Overall, liquid foreign currency reserves, held by the country, including net reserves held by banks other than the SBP, stood at $15,994.3 million.
04/25/2019
Saudi banks SABB and Alawwal get nod for merger plan
Saudi British Bank says it will invite shareholders to consider and approve the merger at an extra-ordinary general meeting on May 15
04/25/2019
CBD wins "Most Innovative Card of the Year"
The CBD Super Saver card is a result of our extensive analysis of our clients' spending habits and preferences, and rewards customers for their everyday spends across grocery, fuel, utility bills and government payments as well as education spends.
04/25/2019
RAKBank’s Q1 net profit up 31.7% to Dh270.2m
Improved asset quality resulted in a decline in provisions
04/25/2019
EDB approves Dh1.45b housing finance in Q1 2019
The bank also supports Emirati businesses with Dh407m in financing