01/29/2018
Commercial Bank is in talks with banks about a syndicated loan of up to $500 million, Reuters reported on Sunday, citing sources, with one saying the bank was also considering bonds as part of its normal funding pattern.
01/28/2018
Results bolstered by a rise in net interest and Islamic financing income
01/28/2018
The rift involved the latter four cutting diplomatic and transport ties with Doha and led to banks from those countries pulling funds out of Qatar.
01/28/2018
The Board of Directors has recommended to the shareholders the distribution of 30pc cash dividends for the financial year 2017.
01/28/2018
Net profit was $154.6 million in the three months to Dec. 31
01/27/2018
Total loans rose 6 percent to $25.1 billion while deposits rose slightly to $33.8 billion
01/26/2018
The move initially hit Qatar’s growth but by the end of 2017 its economy had largely recovered.
01/25/2018
Earlier this month, sources told Reuters the merger had been delayed but not derailed in part because the Saudi regulatory environment for bank acquisitions was relatively untested.
01/25/2018
The law mandates all banks and financial institutions to privatize at least 33% of their excess assets every year, especially those engaged in “non-banking activities”.
01/24/2018
The bank said the board was recommending distributing a cash dividend of 3 riyals per share for 2017, the same as the previous year.
01/24/2018
The QETF will invest and replicate the Qatar Index largest 20 companies in terms of market capitalization and liquid listings.
01/24/2018
Emirates NBD, majority owned by Dubai's Investment Corporation, reported a 17 percent rise in fourth-quarter net profit last week boosted by loan growth, interest rate rises and higher sales.
01/24/2018
Market momentum, project expansions, non-hydrocarbon growth and a “good budget” are all factors that will help growth, Seetharaman said.
01/24/2018
The government’s policies have turned the blockade into an opportunity and the actions taken by the QCB have contributed to the sector’s financial stability and helped it overcome any effects or consequences of the blockade.
01/24/2018
The deal could be the first bank bond from the Gulf Cooperation Council so far this year.
01/22/2018
Customers can choose from deposit tenures ranging from two to five years for their Al Jana 7 term deposits.
01/22/2018
The NBK Board of Directors proposed the distribution of 30 fils per share cash dividend, representing 30 percent of the nominal share value.
01/22/2018
The new service can be accessed by customers having a current account with the bank.
01/22/2018
The feedback takes into consideration corporates’ view on their banks' ability in providing Trade Finance products, solutions and quality of services.
01/18/2018
Three analysts polled by Reuters had forecast on average the bank to make a quarterly net profit of 591.1 million riyals.