02/01/2018
Amjad added, “We are very excited about conducting the January draws in the next couple of days and announce the names of the first batch of lucky winners in the 2018 Hasaad Savings Scheme.
02/01/2018
This is the latest in a number of debt issuances in alternative markets by the bank
02/01/2018
Qatari lenders also focused on diversity in financing sources since the country was boycotted by those Arab countries.
01/31/2018
Alternative investment vehicle invested in mid-sized firms in the GCC and Turkey
01/31/2018
Commercial Bank’s countrywide network now includes 29 full service branches and 179 ATMs.
01/30/2018
"The bank has been consistent in maintaining exceptional financial performance because of our customer-focused strategies"
01/30/2018
The third branch will be opening soon in Chennai city of the Southern Indian state of Tamil Nadu soon.
01/30/2018
The bank’s loan book expanded 14% last year, compared with 8% for the entire sector, Abraham said.
01/29/2018
Earnings Per Share (EPS) for the year also improved to 48.4 fils for 2017 from 46.3 fils in 2016.
01/29/2018
It said it had achieved around 500 million dirhams of cost synergies in the first year of integration, adding that it was evaluating its local activities and branch network.
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.