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).
05/22/2012
It showed the combined net income of the banks from the six-nation Gulf Cooperation Council (GCC) swelled by 18 per cent year-on-year in the first quarter of 2012 and as high as 38 per cent over the fourth quarter of 2011.
05/21/2012
Mr. Drion, said that the most recent financial results, noting that CAE reported revenues of EGP341.1m for Q1 2012, an increase of 17.1% over the same period in 2011. This increase is attributed mainly to an increase in loan volumes (up 10.4% in the Q1 20
05/18/2012
Big names in the city like Mashreq and Standard Chartered do not have this service, their spokesperson confirmed to Emirates 24|7.
05/16/2012
The fund, HSBC’s third such fund in the UAE, is open to new and existing customers with cross border trading requirements. The bank has earmarked 30 per cent of the loans to Emirati-owned businesses.
05/14/2012
The bank continues a prudent policy towards building up a strong provision base and consolidating its balance sheet.
05/09/2012
UGB, in a statement, attributed rise in profits to improvement of affiliate commercial and real estate banking.
05/08/2012
BankMuscat launched Green Sports, its Corporate Social Responsibility initiative to develop a sporting nation.
05/03/2012
The company reported a growth in customer base to almost 21,000 customers in 2011, a 23% increase when compared to 2010.
05/02/2012
The Bank further increased the general reserve by KD14m to reach KD104m, in line with its strategic plan to create a "fortress balance sheet" and to further its capacity to grow and expand.