03/01/2019
Union Coop plans move into Abu Dhabi
Company reported 16% fall in net profit earlier this week
Retail Banking
03/01/2019
DenizBank's acquisition to be finalized soon
The Emirates NBD banking group is an important player in the UAE's corporate and retail banking sector.
02/28/2019
The impact consolidation will have on Abu Dhabi's banking sector
Planned mergers are set to create a more consolidated and robust banking sector in Abu Dhabi, strengthening its position as a leader in the regional financial market.
02/28/2019
Finansbank Had Acquired by Qatar National Bank in 2016
QNB payed slightly under the book value for the lender based in Istanbul according to bank analysts.
02/28/2019
Lebanon 2019 bank deposits seen growing a `conservative' $7-$8 bln-banker
We are in a wait-and-see mode
02/27/2019
National Bank of Bahrain expects double-digit loan growth in 2019 – CEO
NBB, the second largest Bahraini bank by market capitalisation, said this week it had put on hold its plan to acquire additional shares in Bahrain Islamic Bank.
02/27/2019
Purchase of Leumi Card completed by Warburg Pincus
The fund has chosen leading strategic partners for the deal: Menorah Mivtachim, Clal Insurance & Finance and Allied Group
02/26/2019
First Abu Dhabi Bank plans to issue $2-$4b in bonds in 2019-CFO
Bank expects high single-digit loan growth in 2019
02/26/2019
Bahrain's Bank ABC aims to expand footprint in Mena with acquisitions
The lender is 'well capitalised' and capable of funding acquisitions from its own balance sheet, deputy group CEO says
02/25/2019
Saudi Arabia’s central bank governor ‘does not see more bank mergers’
Kholifey says he doesn't expect there to be any deflation
02/24/2019
Emirates NBD Group recognised at Gulf Customer Experience Awards
Bank wins four awards, recognised for transformational efforts towards customer service excellence
02/21/2019
QIB lays strong foundation for digital banking lead: Sheikh Jassim
At the ordinary annual general meeting, QIB shareholders approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, which translates into QR5 per share.
02/21/2019
BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business
iGTB is the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing B2B Fintech product company with CAGR of 21% over three years.
02/21/2019
Emirates NBD approval for debt, equity funding renewed
General assembly also approves directors’ report and 40% cash dividend
02/20/2019
Burgan Bank reports record profits of KD 82.6m in FY 2018, growth of 26.6%
Burgan’s Board of Directors has proposed a cash dividend of 12 fils per share and 5 percent bonus shares, subject to shareholders’ approval at Burgan’s Annual General Meeting.
02/20/2019
Ahli United Bank reports a 12.7% surge in 2018 net profit
Net profit attributable to owners of the bank to $697million.
02/20/2019
UAE bank assets rise 1.2% in January: Central Bank
Lenders’ assets grew to AED 2.913 trillion in January
02/18/2019
Ithmaar Holding reports net profit of $10.06m for 2018
IB Capital acquires an additional stake in Solidarity Group Holding Capital
02/18/2019
UAE's Emirates Development Bank hires arrangers for dollar bond
Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinators.
02/18/2019
StanChart, BNP Among Banks Likely to Be Added to Saudi Aramco Bond
Saudi Aramco to add about dozen banks to list of bond managers