04/30/2012
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
The brand value reflects the premium a customer is willing to pay for products and services or the net present value of the estimated future cash flows attributable to the brand.
04/30/2012
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
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.
04/26/2012
Winners were chosen by a judging panel of industry experts selected from international rating agencies and from some of the region's leading financial centers.
04/25/2012
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
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
04/18/2012
HSBC said it will inject up to $97.4 million into the new combined entity of which it will own 51% and which will be renamed HSBC Bank Oman SOAG.
04/17/2012
First quarter 2012 net profits came 5.5% ahead of the fourth quarter of 2011.
04/13/2012
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, 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-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
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
03/29/2012
Lloyds Banking Group said earlier this year that it was considering a range of options for its Lloyds TSB banking unit in the United Arab Emirates.
03/26/2012
The Bank's performance remains solid and impressive given the challenging environment.
03/21/2012
Commercial Bank of Qatar has picked banks to arrange investor meetings in Asia, the Middle East and Europe ahead of a possible dollar-denominated bond issue, lead arrangers said.
03/20/2012
The report says that the year 2011 was a challenging year for the banking sector in the 2011 in the GCC region, reflecting the uncertainties in the global economic environment.
03/08/2012
"NBAD's partnership with UAE Exchange adds another 100 venues where our esteemed cardholders can conveniently pay their credit card bills and this complements the lifestyle and distinctions that come with NBAD credit card," added Dave.
03/06/2012
The bank is already working on an initiative that all the suffixes in Barclays banking verticals will be dropped and it will be just Barclays.
01/24/2012
The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t