07/30/2018
ABK Posts 18 Pct Rise in H1 Net Profit
Capital adequacy ratio was robust at 16.30 percent, well in excess of regulatory requirements and earnings per share was at 12 fils compared to 10 fils in 2017.
Retail Banking
07/30/2018
$136bn bank debt lent to UAE and Saudi real estate sectors in 2017
The report continues: “Debt is an integral part of real estate investment and development, and the Middle East is no different, albeit the quantum is lower than most developed markets.
07/27/2018
Abu Dhabi Commercial Bank Q2 profit up 12 percent
It is the second major Abu Dhabi bank to report earnings after First Abu Dhabi Bank, which earlier this week posted a 19 percent rise in second-quarter profit.
07/26/2018
Saudi British Bank posts half-year net profit of $640m
Saudi affiliate of global banking giant HSBC says profits rose by over 14% during first half of 2018
07/26/2018
RAKBank reports flat second quarter net profit as impairments climb
Going forward, the lender's executive management will focus on cost optimisation and improving efficiency
07/25/2018
AUB announces KD 29.0 million net profit for first half of 2018
Operating profits grew to KD 63.9 million in H1
07/25/2018
FAB profit up 10% in H1 at Dh6.1b
Abdulhamid Saeed, group chief executive officer of FAB, said FAB has built on the positive momentum generated at the start of the year to deliver another strong set of results in the second quarter.
07/25/2018
AUB reports KD 29.0 million net profit for H1, 2018
Bank’s operating profits grow by 13.7 pct
07/23/2018
Doha Bank recognised as ‘Qatar Domestic Trade Finance Bank of the Year’
Doha Bank was also honoured with the ‘Qatar Domestic Trade Finance Bank of the Year’ title in 2014, 2016, and 2017.
07/22/2018
United Arab Bank posts $22m H1 net profit
Total income for the six months recorded Dh341 million, with income generated from core businesses showing an uplift of five percent over H1 2017.
07/22/2018
Noor Bank strategy to become world class Sharia bank
Retail banking to take on conventional and Islamic peers
07/21/2018
Gulf Bank records an increase of 18 pct in net profit for H1, 2018
Earnings hit KD 27 million in first six months
07/19/2018
Arab Bank attains licence to operate in China
Arab Bank did not reveal when it expects to open doors for business in Shanghai.
07/19/2018
Commercial Bank records QR855m net profit for first quarter
This quarter, the Bank continues to position itself to show significant improved bottom line performance in coming years
07/19/2018
NBB profits rise 15.9pc to $97.85m in H1
On behalf of the board, I’m delighted to report NBB’s continued growth and enhanced performance for the second quarter of 2018
07/18/2018
Saudi’s Riyad Bank posts 25% second quarter profit rise
Bank made 1.06b riyals in the three months to June 30, up from 848m a year earlier, it said in a bourse filing
07/18/2018
NBF posts Dh310.2m first half net profits
Loans and advances and Islamic financing rose 8.2% in the period
07/18/2018
Doha Bank wins ‘Best Arab Customers Services’ title
The award, presented by Wissam Fattouh, Secretary General, World Union of Arab Bankers, was received on behalf of Doha Bank by Sheikh Mohamed bin Fahad Al Thani, Acting Chief Human Resources Officer.
07/18/2018
Saudi grants banking licence to Commercial Bank of Iraq
The lender will be allowed to open one branch in the kingdom
07/17/2018
Kuwait Bank Seeks Talks to Create Islamic Lender With $92 Billion in Assets
Approach comes six months after deal talks ended over price