05/03/2013
HSBC Bank Oman shuuters 4 branches
HSBC Bank Oman, the lender with the second largest branch network in the sultanate, has decided to close down four of its branches to 'optimise locations.'
Retail Banking
05/01/2013
EFG Hermes and QInvest Confirm Expiration of JV Agreement
Both institutions look forward to separately creating value for their shareholders and remain open going forward to capitalizing on their complementary strengths to pursue together suitable business opportunities in a less-structured framework.
05/01/2013
Qatar bank steals top spot from OCBC as world's strongest bank
The rankings showed Qatar National Bank supplanting Singapore's OCBC from the number one spot in 2012.
04/30/2013
HSBC Bank Oman’s first-quarter net profit rose 91%
The bank’s earnings were boosted in the first quarter of 2013
04/30/2013
ABK Records Q1 Net Profit
The Bank periodically reviews and amends its strategy to cope with any exceptional conditions
04/28/2013
Jordan’s Arab Bank reports small rise in Q1 profits
Bank officials said this was a result of a rise in net interest income and reduced costs.
04/28/2013
QIB nets QR291m profit
Financing activities continues to be the major growth driver
04/28/2013
ABC Net Profit Rises 4PC to 56 Million
Whilst trade finance and treasury revenues surged, interest income was negatively impacted
04/24/2013
CBK Posts Q1 Operating Profit Before Provisions Of KD 24.7m
NPLs Drop To 2.9% Y/Y Of Total Loans
04/24/2013
RAKBANK rports 13% growth in first quarter profit
This increase is due to several streams of fee income stemming.
04/24/2013
FGB recognised as the “Best Local Bank in the UAE”
The bank demonstrates a commitment to grow its market share and presence in Islamic finance.
04/24/2013
Bahrain’s Ahli Posts Q1 Profit Jump After Qatar Sale
Bahrain’s Ahli United Bank posted a big jump in first-quarter net profit
04/23/2013
Turkish government to take action against high banking fees
Turkish government is set to introduce a new scheme that tasks Turkey’s banking watchdog BDDK to regulate banking fees and commisions, which have been slammed by consumers
04/23/2013
National Bank of Abu Dhabi Q1 net profit up 36 pct
Q1 profit 1.40 bln dhs vs 1.04 bln dhs
04/20/2013
Bank Sohar income grew 9.3 per cent in Q1
Bank Sohar announced that its net profit grew 14.1 per cent year-on-year to RO6.08mn in the first quarter ended March 31, 2013.
04/18/2013
Commercial Bank of Qatar reports 7% increase in first quarter profit
They will focus on growing its international operations
04/18/2013
Bank Audi profit falls on costs of Turkish unit launch
One of the few promising sectors in a region hit by the turmoil of the Arab uprisings.
04/17/2013
National Bank of Kuwait First-Quarter Profit Beats Estimates
This year “holds a promising outlook for the operating environment in Kuwait in contrast to last year
04/17/2013
Union National Bank's Q1 net profit rises 4.2 pct
Q1 net profit 495 mln dhs vs 475 mln dhs yr-ago
04/16/2013
Oman’s Bank Muscat misses profit forecast on fraud provision
Bank Muscat made a 15-million-rials one-off provision after some of its prepaid travel cards were hit by fraud