07/29/2013
Bank Sohar to appoint consultant to study merger
Muscat Bank Sohar board has decided to appoint a consulting firm to study the proposed merger with Bank Dhofar.
Retail Banking
07/28/2013
UNB's Q2 profit rises 7.2%
A 7.2 percent percent rise in second-quarter profit helped lower provisions
07/24/2013
Fitch affirms Commercial Bank of Kuwait at 'A+'
Fitch says CB's long and short-term IDRs, support rating and support rating floor reflect the agfency's belief
07/24/2013
Commercial Bank of Qatar Acquisition
Commercial Bank completes majority stake acquisition in Alternatifbank in Turkey
07/24/2013
UAE-based Emirates NBD hunts more business in Sri Lanka
Emirates NBD Capital which syndicated a 200 million dollar loan for Sri Lanka's state-run Bank of Ceylon is looking to provide more local firms with Islamic and conventional finance
07/23/2013
Arab Banking Corporation announces half-year profit of $112 Million
Net profit for the second quarter was $56 million, 10 per cent higher than $51 million reported during the same period in the previous year.
07/23/2013
Ahlibank posts 6% profit growth
One of the leading banks in the Sultanate, said its net profit for the first half of 2013 grew by 6 per cent to OMR12.50 million from OMR11.80 million reported in the same period last year.
07/23/2013
Abu Dhabi banks FGB, ADIB Q2 profits beat estimates
Abu Dhabi lenders First Gulf Bank and Abu Dhabi Islamic Bank posted rises in second-quarter net profits beating analysts' forecasts.
07/23/2013
Commercial Bank of Dubai profit up 2.3% for the first half of 2013
The Commercial Bank of Dubai announced a 2.3 per cent rise in the first six-month net profit due to growth in net interest and non-interest income
07/23/2013
Commercial Bank of Qatar net profit dips 5.6%
Commercial Bank of Qatar delivered first half net profit of QAR 1.024 billion, up one per cent against the same period in 2012.
07/22/2013
Abu Dhabi Bank posts 1st half earnings up 25 pct from last year
Earnings for the first half of 2013 reached UAE's Dirham 2. 621 billion.
07/20/2013
Rakbank report 14.18% gain in net income
For the half year ended 30th June 2013, the Rakbank has announced an AED760.1m net profit, reflecting a 13.7% increase over the same period last year.
07/20/2013
Oman’s Bank Dhofar Q2 net profit slips 21 percent
Bank Dhofar, Oman's Second-largest Bank by Market Value, Posted a 20.8 percent drop in Second-quarter Net Profit
07/18/2013
Profits of Lebanon’s Alpha Group banks up 15.5%
Lebanese banks still rely heavily on the domestic market to generate revenues despite their expansion to other regional and international markets.
07/17/2013
National Bank of Oman posts flat Q2 net profit
NBO, the sultanate's fourth-largest lender by market capitalisation
07/17/2013
Commercial Bank of Qatar Commercial Bank completes acquisition
Commercial Bank completes majority stake acquisition in Alternatifbank in Turkey
07/15/2013
IBQ posts USD 100.53 mln in net profits
The International Bank of Qatar has posted 366 million Qatari riyals (USD 100.53 million) in net profits for the first half of this year
07/15/2013
Bank Dhofar Considers Merger to Create $10 Billion Omani Lender
Bank Dhofar to begin talks with Bank Sohar on merger
07/14/2013
HSBC cut down SMEs service
The bank sent a letter to some of its SMEs business customers terminating the services it provides.
07/13/2013
Mashreq confident of 100% rise in retail profit this year
This would not be difficult as the bank is expected to touch the figure of last year’s retail banking profit in its June figures, he explained.