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.
Retail Banking
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
04/13/2013
NBK opens a new branch in Abu Dhabi
NBK-Abu Dhabi comes as part of the Bank's expansion strategy in the UAE which started with its first branch in Dubai in 2008
04/11/2013
Denizbank to buy Citibank consumer business in Turkey
the acquisition was expected to close in the third quarter, subject to regulatory approvals.
04/10/2013
HSBC Bank Egypt Continues its Growth Plans in Egypt
HSBC Bank Egypt Inaugurates Two New Branches in Cairo in the presence of MENA Regional Head of Retail Banking and Wealth Management
04/10/2013
Saudi Hollandi Q1 net profit up 19.4% to SAR346.3m
The SHB stated that its total operating income during Q1 stood at SR 583.9 million compared to SR 539.9 million for the same quarter last year, an increase of 8.1 percent
04/10/2013
Saudi British Bank Q1 net profit rises 11% to SR 948 m
This is an increase of SR 94 million or 11.0 percent compared to SR 854 million for the same period in 2012
04/09/2013
Gulf Bank appoints new General Manager of Consumer Banking
He was previously with Standard Chartered Bank in Singapore where he was Chief Operating Officer for Products and Segments and Consumer Finance.
04/09/2013
Bank chief says Lebanon’s banking situation “good”
Lebanon is one of the countries that wasn’t affected by the financial crises hitting the world since 2008
04/07/2013
Qatar National Bank Q1 net profit up 6.7 pct on loan growth
Qatar National Bank, the acquisitive Gulf Arab lender, posted an 6.7 percent jump in first-quarter net profit
04/07/2013
Doha Bank opens Sydney representative office
IMF’s World Economic Outlook update in January forecasted that the global economy would grow by 3.5% in 2013
04/04/2013
GCC banks outperform international banks: BCG
Middle East banking revenues continued to grow at single digit rates in 2012 with a 6.9 percent increase
04/03/2013
Prince Alwaleed urges opening Saudi market to foreigners
The Saudi market needs to rely less on individual investors
04/02/2013
Standard Chartered UAE continues steady growth in consumer banking
Federal Credit Bureau plan appears “stretched”, Al Gibaly says
04/01/2013
Barclays Plans to Expand in Egypt as French Banks Retreat
“Our view about Egypt in the long term still remains that it’s a place where we want to be and we want to be a significant player.”
03/27/2013
Emirates NBD named 'Best Retail Bank in the UAE'
The Excellence in Retail Financial Services Programme, a research-based programme that rates the best retail institutions, products and processes, was instituted in 2001.
03/26/2013
Russia’s Sberbank Said Sole Bidder for Citi’s Turkey Assets
Citigroup’s retail unit in Turkey may be valued at about $270 million, according to one of the sources.
03/18/2013
Qatar bank to buy majority stake in Turkey’s Alternatifbank
CBQ to buy out minority holders as part of deal