04/07/2017
Abu Dhabi banks to complete unification process in 2019
NBAD to hold meeting on April 24 to get shareholder approval for name change for new FGB merged entity
Retail Banking
04/06/2017
Shares in First Abu Dhabi Bank surge
They would occur over a period of three years and would be driven by a reduction in branches and headcount.
04/06/2017
Turkish banks taking losses on mortgages after rate pressure
That increase has driven the rate the banks have to pay for three-month deposits, a key source of funding, to 11.30%, or about 19 basis points higher than the average rate they charge on mortgages.
04/04/2017
Gulf Bank wins VIP customer service award
With Gulf Bank Priority Banking, customers enjoy a personalized and preferential treatment coupled with a suite of Banking and investment products and services designed to meet their financial goals
04/03/2017
Merged NBAD, FGB bank gets new name – First Abu Dhabi Bank
The new bank began trading on the Abu Dhabi Securities Exchange on Sunday
04/03/2017
First Abu Dhabi Bank to attract more investors to bourse
The new bank has market capitalisation of around Dh111 billion, which is higher than that of FGB or NBAD, potentially warranting greater weighting on the bourse index.
04/03/2017
Doha Bank wins Most Innovative Bank in the Middle East award
The reputation of being one of the leading financial institutions in the country comes with the responsibility of constantly evolving with changing demands and introducing in-trend products and services.
04/02/2017
Blom Egypt for Financial Investments starts its activities in May
The paid capital of the company amounts to EGP 10.25m and the company will manage the bank’s investment funds
03/31/2017
UAE's FGB bank customers can now withdraw money from NBAD's ATMs at 'no cost'
Customers are normally charged two dirhams if they withdraw money from an ATM belonging to a bank other than the one they have an account with.
03/31/2017
Gulf Arab bank profits fall
The decline in profit is the first we’ve seen since 2008 for GCC banks.
03/31/2017
ABK completes maiden $500 million senior unsecured bond issue
Al Ahli Bank of Kuwait has announced the successful debut issue from its recently established $1.5 billion Euro Medium-Term Note programme.
03/31/2017
Bank Sohar Launches Excel Visa Signature Credit Card
The media and customers were given a comprehensive overview of the exclusive features of the new card.
03/31/2017
HSBC's Turkey Unit Sees Return to Profit After Restructuring
Our first target for this year is to return to profit.
03/30/2017
Merged U.A.E. Banking Giant Seen Earning Bigger MSCI Weighting
The combined entity starts trading on April 2, with FGB stock holders receiving 1.254 shares for each one they own before the merger.
03/30/2017
Major French banks financing Israeli settlements
It is eating away at prospects for a two-state solution to the Israeli-Palestinian conflict.
03/30/2017
Bank Hapoalim Announces 2016 Financial Results
Dividend in respect of 2016 profits totaled NIS 609 million
03/30/2017
FGB shares to be delisted on Thursday ahead of merger with NBAD
It will get a boost from joining forces with FGB, which has more loans to individuals on its books.
03/29/2017
GCC Banks’ revenue growth rate dived to low single-digit and profits shrunk in 2016
GCC banks’ revenues grew by 5.2 per cent, down about two percentage points from 2015.
03/29/2017
Discount Bank 2016 profit up 21% to NIS 961m
Net interest income totaled NIS 4.56 billion in 2016, 8.1% more than in 2015.
03/29/2017
Commercial Bank’s long-term foreign currency and financial strength ratings lowered
Capital Intelligence Ratings has announced that it has lowered Commercial Bank’s financial strength rating to ‘BBB+’ from ‘A-’.