07/02/2012
Following the bottom-line growth rates of nine per cent and 16 per cent in 2010 and 2011 respectively, analysts at the Kuwait Finance House, or Markaz, expect GCC banks to record a surge of 21 per cent in 2012.
06/27/2012
The current commission figure varies between businesses but the average is believed to be around 1.5 per cent, equating to a rise of 0.75 per cent.
06/27/2012
The exercise managed and co-ordinated by the bank's dedicated Business Continuity Management and Governance Team, the Chairman of the Board Murad Ali Murad, some Board members, all the members of the Executive Management along with over 100 employee
06/27/2012
Emirates Islamic Bank’s package for Manazil Towers features up to 85 per cent finance in variable rate options starting from 4.99 per cent and five-year fixed rate starting from 5.99 per cent, with a 24-hour pre-approval offer.
06/27/2012
HSBC said it has launched a highly-advanced internet banking proposition, HSBC Connect to automate transactions for the large and mid- market businesses in Kuwait.
06/25/2012
In another recognition, Euromoney Award for Excellence named SABB the "Best Bank in Saudi Arabia" at their 2012 awards event.
06/21/2012
Standard Chartered has announced the launch of its new global brand campaign which continues it’s previously launched ‘Here for good’ story and demonstrates how it is a bank with a conscience.
06/20/2012
NBAD-Bahrain is located in Al Seef District of Manama, inside building 2611.
06/20/2012
Commenting on the occasion, Ram Chari, Chief Executive Officer, Network International, said: "We are delighted to partner with Ahli United Bank, one of the leading banks in the Kingdom.
06/15/2012
NBK, which currently owns 47.29 percent stake in the Islamic lender, will offer 630 fils per share for the stake, said in a bourse statement. Boubyan shares closed at 600 fils on the Kuwait stock exchange on Wednesday.
06/14/2012
Since its inception, Mashreq has been a pioneer in the UAE banking landscape. The bank is known to have launched 'first of kind products' such as First travelers' cheques, First credit cards and First ATMs.
06/13/2012
Both the sources said talks for the asset disposal by the French lender are at very early stages.
06/12/2012
The new board, chaired by Simon Cooper, Chief Executive Officer of HSBC Middle East Ltd comprises of seven Directors each serving an initial three-year term. Brigadier Waleed bin Omar al Zawawi has been appointed as Deputy Chairman.
06/12/2012
In addition to shareholder approval, the merger is subject to regulatory and other approvals and is expected to be completed within the second half of 2012.
06/12/2012
Standard Chartered Bank has won awards of “Best Global Retail Bank” and “Best Online Banking Strategy” at The Retail Banker International’s Awards, its 27th annual event.
06/11/2012
The bank scored 34 more points to win the top position in the 2011 banking survey conducted by Ernst and Young, exhibiting the best performance in return on capital, tighter controls on non-performing loans (NPLs) and healthy growth in deposits.
06/05/2012
Retail stock broking firm Geojit BNP Paribas Financial Services Ltd and State Bank of India have inked an agreement to extend Portfolio Investment Services to Non-Resident Indian customers, mainly from the Gulf region.
06/04/2012
HSBC Holdings has received formal regulatory approval to merge its business in Oman with local lender Oman International Bank, it said in a statement to the Muscat stock exchange on Sunday.
05/30/2012
A high-profile delegation from BankMuscat attending the ceremony included Shaikh Khalid bin Mustahail al Mashani, Chairman, Sulaiman bin Mohamed al Yahyai, Vice-Chairman, and AbdulRazak Ali Issa, Chief Executive.
05/25/2012
Two years ago when the world struggled with the financial crisis, the National Bank of Abu Dhabi (NBAD)did not hesitate from investing in serving small- and medium-sized enterprises (SME).