07/16/2014
Jordan's Arab Bank reports 7 pct rise in first-half profit
Jordan-based Arab Bank on Wednesday reported first-half net profit up 7 percent year on year.
Retail Banking
07/13/2014
Saudi’s Al Rajhi Bank posts fourth straight quarterly profit drop
The bank said it made 1.95 billion Saudi riyals in the three months ending June 30, compared with 2.12bn riyals in the same period a year earlier, citing an increase in total operating expenses for the drop without elaborating.
07/13/2014
Rebranded Ahlibank set to roll out modern products, services
After a successful rebranding, Ahlibank is set to roll out modern products and services that align with the growing needs of its increasing customer base in Qatar.
07/13/2014
Bank Dhofar Q2 profit rises 23%, meets expectations
It is a year since Bank Dhofar said it had approached Bank Sohar with a view to merging the two entities and creating Oman’s second-largest bank
07/11/2014
More foreign lenders are expected to enter Turkey’s lucrative banking market
A crisis-tested financial system along with a sturdy and profitable banking sector has introduced many new lenders into Turkey in recent years
07/10/2014
United Arab Bank - Financial Strength Rating is raised; other ratings are affirmed
Capital Intelligence (CI) has announced that it has raised the Financial Strength Rating (FSR) of the UAE's United Arab Bank (UAB) to 'BBB+' from 'BBB', with the Bank's rising loan-loss reserve (LLR) coverage ratio and contin
07/09/2014
GIB launches Saudi retail banking service
Bahrain-based conventional wholesale institution Gulf International Bank has launched retail banking services in Saudi Arabia under the brandname, "Meem".
07/09/2014
Arab National Bank posts 400m net profit in H1
Profits of the second quarter of 2014 reached 209.4 million compared to 191.5 million for the same period last year.
07/09/2014
Kuwait’s CBK gets approval to raise up to 120m dinars via bonds
The bonds will comply with Basel-III rules
07/09/2014
Bahrain Association of Banks publishes The Handbook of Retail Banking
The Bahrain Association of Banks has published The Handbook of Retail Banking, a guide to the retail banking industry in Bahrain.
07/08/2014
GIB launches trial phase of retail banking services
In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base
07/08/2014
Qatar National Bank Q2 net profit edges up, beats estimates
Qatar National Bank, the largest lender in the Gulf Arab region, reported a small increase in second quarter net profit on Tuesday
07/07/2014
Abu Dhabi Finance move to the New Office & Wins the "Best Retail Finance Company at the Banker Middle East Industry Awards 2014
It is a very great honour for us to win 'Best Retail Finance Company
07/07/2014
BBK wins best retail Bank Bahrain 2014
The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry
07/07/2014
3 CPI Financial awards for Bank Sohar
All three awards were handed over to the bank by Adam Broom, CEO of CPI Financial, at an event held at the bank’s premises on June 30.
07/06/2014
Saudi Hollandi Bank Q2 net profit jumps 28.1 pct on higher income
It cited higher operating income - which increased 17 percent year-on-year to 811.2 million riyals - for the increase in net profit without elaborating.
07/04/2014
BIT and NECB banks merge
A statement by the two banks said that they signed an understanding but this agreement still needs the final approval of the Central Bank.
07/03/2014
Qatar's CBQ to buy out public shares, then delist Turkey's Alternatifbank
These publicly owned shares will be bought for the average market share price over the last 30 days
07/03/2014
Standard Chartered to expand banking services in Jordan, says CEO
Many large corporations that are owned by Jordanians and have business activities in the region and the world, prefer to bank with an International bank such as Standard Chartered.
06/26/2014
Union National Bank wins Two Awards at the 2014 Banker Middle East Product Awards Best Car Loan and Best Personal Loan
The UNB Auto loan offers customers a unique benefit on their car loan