Retail Banking

05/02/2012

Rakbank opens a Business Banking Centre in Al Ras in Deira

The bank prides itself on being the first to offer an interest bearing business current account, collateral-free loans for companies demonstrating a solid business model, and most importantly a quick approval process with minimal documentation requirement

04/30/2012

NBO’s Q1 net jumps 24 per cent

Operating income increased by 12 per cent to RO 8.6 million in the first quarter of 2012 compared to RO 7.6 million for the same period in 2011. Total expenses were at RO 10.9 million, an increase of 5 per cent over the first quarter of 2011, mainly on ac

04/30/2012

Doha Bank wins prestigious award

Doha Bank Group chief executive officer R Seetharaman received the award from Juma al-Majed, chairman of Dubai Economic Council at a ceremony of the 7th International Conference on Social Responsibility attended by distinguished CSR leaders, bankers, acad

04/27/2012

Emirates NBD wary of central bank loan rules

Chief executive Rick Pudner told a media conference call that the bank was currently assessing its exposure and would contact the UAE central bank before the September deadline.

04/25/2012

Mashreq Bank Q1 Net Profit Up 2 Percent

Demonstrating Mashreq's ongoing efforts on improving its assets quality, the provisions for loans and advances continued to decline by 46% and 50% as compared to Q1 2011 and Q4 2011 respectively to reach Dhs176m.

04/23/2012

NCB's Q1 net income rises 30%

Sheikh Abdullah Bahamdan, Chairman of NCB remarked that the Bank's strategy to diversify its sources of revenue has contributed to an increase in fee income from banking services by 29.0%, net special commission income by 11.2% compared to the same p

04/13/2012

QNB Group acquires a stake of Libya-based bank

The announcement was made during the extraordinary general assembly of the Bank of Commerce and Development which was held in Benghazi, Libya on Thursday April 12th 2012. It approved QNB Group as a strategic partner of the Bank according to the memorandum

04/09/2012

Eurobank sells Turkey unit

Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank.

04/09/2012

Two Dubai banks approve merger

Two Dubai-based banks have approved a plan to merge into one unit following negotiations over the past two years and endorsement of the plan by the Central Bank, a newspaper reported on Monday.

04/05/2012

Bank Al Etihad selects CR2's BankWorld

The adoption of BankWorld enables Bank Al Etihad to take a competitive advantage in the Jordanian market by being able to launch new products and services efficiently and quickly across their ATM network as well as providing an improved level of service