04/10/2013
HSBC Bank Egypt Continues its Growth Plans in Egypt
HSBC Bank Egypt Inaugurates Two New Branches in Cairo in the presence of MENA Regional Head of Retail Banking and Wealth Management
Retail Banking
04/10/2013
Saudi Hollandi Q1 net profit up 19.4% to SAR346.3m
The SHB stated that its total operating income during Q1 stood at SR 583.9 million compared to SR 539.9 million for the same quarter last year, an increase of 8.1 percent
04/10/2013
Saudi British Bank Q1 net profit rises 11% to SR 948 m
This is an increase of SR 94 million or 11.0 percent compared to SR 854 million for the same period in 2012
04/09/2013
Gulf Bank appoints new General Manager of Consumer Banking
He was previously with Standard Chartered Bank in Singapore where he was Chief Operating Officer for Products and Segments and Consumer Finance.
04/09/2013
Bank chief says Lebanon’s banking situation “good”
Lebanon is one of the countries that wasn’t affected by the financial crises hitting the world since 2008
04/07/2013
Qatar National Bank Q1 net profit up 6.7 pct on loan growth
Qatar National Bank, the acquisitive Gulf Arab lender, posted an 6.7 percent jump in first-quarter net profit
04/07/2013
Doha Bank opens Sydney representative office
IMF’s World Economic Outlook update in January forecasted that the global economy would grow by 3.5% in 2013
04/04/2013
GCC banks outperform international banks: BCG
Middle East banking revenues continued to grow at single digit rates in 2012 with a 6.9 percent increase
04/03/2013
Prince Alwaleed urges opening Saudi market to foreigners
The Saudi market needs to rely less on individual investors
04/02/2013
Standard Chartered UAE continues steady growth in consumer banking
Federal Credit Bureau plan appears “stretched”, Al Gibaly says
04/01/2013
Barclays Plans to Expand in Egypt as French Banks Retreat
“Our view about Egypt in the long term still remains that it’s a place where we want to be and we want to be a significant player.”
03/27/2013
Emirates NBD named 'Best Retail Bank in the UAE'
The Excellence in Retail Financial Services Programme, a research-based programme that rates the best retail institutions, products and processes, was instituted in 2001.
03/26/2013
Russia’s Sberbank Said Sole Bidder for Citi’s Turkey Assets
Citigroup’s retail unit in Turkey may be valued at about $270 million, according to one of the sources.
03/18/2013
Qatar bank to buy majority stake in Turkey’s Alternatifbank
CBQ to buy out minority holders as part of deal
03/17/2013
Kuwait to bail out banks
Kuwait’s Finance Minister Mustafa al-Shamali recently told reporters that an agreement had been reached and the deal would be finalised next week.
03/17/2013
NBAD retains 'MidEast's safest bank' title
Global Finance said bank stability was an "ever-more pressing concern" for the world’s companies and investors.
03/12/2013
Burgan Bank Group wins "Best Banking Group in MENA" award
The award comes in recognition of Burgan Bank Group's performance in 2012 and the consistent delivery of sound results across its operations in Kuwait, Jordan, Algeria, Iraq, Turkey, Tunis, Cyprus and Lebanon.
03/10/2013
United Arab Bank names senior VP
Before he joined UAB, he was managing Mashreq Gold and SME for Dubai Region.
03/08/2013
Bank muscat, 11 GCC banks' debt on review for possible downgrade
Moody's added that all other ratings and outlooks for these 12 banks remain unaffected.
02/20/2013
Saudi bank assets at SR180bn
Surge was mostly in credit to private sector and government.