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Retail Banking

02/01/2017

ADCB reports 16 per cent lower full year profit for 2016 vs 2015

Abu Dhabi Commercial Bank has reported its financial results for full year 2016 and has reported a net profit of AED 4.157 billion for 2016 and a Q4 net profit of AED 1.004 billion.

01/31/2017

GIB successfully launches US$500 million five year bond

GIB aims to be the preferred financial services partner, delivering bespoke banking solutions to a wide customer base in the region and beyond.

01/31/2017

Gulf Bank reports net profit of KD 43 million, up 10% from 2015

The Board of Directors has recommended a cash dividend of 7 fils per share, an increase of 75% compared with 4 fils per share in the prior year.

01/31/2017

ADIB honoured for customer experience

ADIB was also named the Best Overall Call Centre in the UAE, a recognition it has received for the third time.

01/31/2017

Gulf Bank reports KD 43m net profit for 2016

Non-performing loans (NPLs) declined to KD 93 million or 2.4 percent of total loans, levels that have not been seen since 2007.

01/31/2017

ADCB’s fourth-quarter net profit falls 16%

ADCB’s net profit began declining last year due to an increase in money set

01/31/2017

Abu Dhabi Commercial Bank Q4 profit drops 16% on impairments

The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1bn

01/31/2017

Al Khaliji offers entrepreneurs the opportunity to finance and grow their SMEs

The market-leading initiative reaffirms al khaliji’s commitment to the diversification of the national economy as one of the main objectives of the National Development Strategy 2017

01/30/2017

Jordan's Arab Bank group says 2016 net profit rose 20 percent

The bank's provisions coverage ratio for non-performing loans stood in excess of 100 percent.

01/30/2017

Doha Bank wins ‘Best Commercial Bank Qatar 2016’ at IFM awards

The award is one that will herald the highest standards of innovation and performance of Doha Bank in Qatar.

01/30/2017

Bank credit of conventional banks in Oman increases by 6.5%

Oman’s conventional banks have achieved a 6.5 per cent growth

01/30/2017

HSBC Bank Oman reports profits up 31 per cent, names new chairman

Other operating income fell to OMR 0.6 million primarily due to the non-repeat of the gain on the disposal of legacy investments of OMR 4.6 million being booked in 2015.

01/29/2017

Doha Bank wins “Best Commerical Bank, Qatar 2016 “at IFM Awards

This award also recognizes and honours Doha Bank for adding value to our customers and making a significant difference in Qatar.

01/27/2017

Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction

Government related entities withdraw funds to help fill a growing budget deficit

01/26/2017

Banks Steal the Limelight on Biggest Firms Rankings

Bank Mellat raked in 240 trillion rials ($6.27 billion), being ranked as the third-largest firm in the country.

01/24/2017

Al Khaliji’s 10 years mark continuous growth, strong financial indicators

The bank has sponsored and actively participated in some of the banking and finance sector’s leading conferences and forums in both Qatar and the region.

01/24/2017

Doha Bank wins coveted award for CSR

The corporate competitiveness needs to be integrated with social development.

01/24/2017

Qatar- Siam Commercial Bank seeks bids for insurance business

Whether it sells all or only part of the business depends on the offers it receives and who they are from, the people said.

01/23/2017

Alawwal Bank reports 66 per cent rise in impairment charges and expenses

Alawwal Bank reports net profits for 2016 of SAR 1,064.73 million, down 47.35 per cent.

01/23/2017

Banque Saudi Fransi annual net profits down 13 per cent

Banque Saudi Fransi has reported a 13.03 per cent fall in net profits for 2016 to SAR 3.51 billion.

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