11/01/2023
Saudi central bank net foreign assets up $12.8bln in September – data
While there was an increase from the previous month, net foreign assets were down 6.5% year-on-year, the data showed
Retail Banking
10/31/2023
Saxo Bank announces H1 2023 results
Reports an operating profit of USD 75 million compared to USD 56 million for the same period last year
10/30/2023
Mastercard becomes Invest Bank’s exclusive partner for card issuance and remittances
Pressing forward with its ongoing retail banking evolution fueled by a host of strategic initiatives
10/30/2023
Akbank launches autumn syndicated loan renewals season for Turkish banks at better costs
Despite the significant recovery in spreads, the costs still stand close to the double digits as the benchmarks remain painfully high.
10/30/2023
Kuwaiti Banks Thrive with Remarkable 46.5% Profit Surge in 2023
This substantial rise elevated the combined profits of these banks from 830.55 million dinars in the same period in 2022 to 1.217 billion dinars in 2023.
10/27/2023
Mashreq bank’s net profit rises 122% in first 9 months of 2023
The increase in operating income and net profit was primarily attributed to a significant 82 per cent increase in net interest income
10/27/2023
Doha Bank achieves net profit of QR627m for nine month period
The Bank also achieved a growth in loans to the private sector by 2.2% compared to the same period of the previous year.
10/26/2023
Dubai mega-bank Emirates NBD hits new records as 9-month 2023 net profit tallies Dh17.5b - that's 92% up
Strong loan demand - from retail and corporate clients - fuel 'record' gains
10/25/2023
United Arab Bank net profit up 76% to $56.9mln
Growth driven by improved operating performance, lower credit losses
10/24/2023
RakBank's third-quarter profit surges 29% after strong business and robust deposits
Lender reports net profit of $123m for the July-September period
10/24/2023
QNB named ’Sustainability Leader’ by Forbes Middle East
This achievement reflects the Group’s commitment to Sustainability by addressing environmental, social and governance related challenges and opportunities.
10/24/2023
Gulf Bank showcases its pioneering experience in sustainability and women's empowerment
During a seminar organized by the American Business Council AmCham Kuwait
10/23/2023
Saudi EXIM Bank, Petrochem seal $25m credit facility to enhance local product exports
Al-Shammari further emphasized that this agreement coincides with a period of rapid growth and a strong presence of Saudi chemical products in international markets.
10/20/2023
FAB’s Q3 2023 profit surges by 48% on revenue boost
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
10/19/2023
Oman Arab Bank’s OMR 50mln perpetual bonds issuance oversubscribed by 60%
The bonds will carry a coupon rate of 7.00% p.a. for the first five years and will be listed on the MSX
10/18/2023
Qatar Islamic Bank posts 7% rise in M9 2023 net profit
Assets grew nearly 2% in the period
10/16/2023
Oman's Bank Muscat H1 net profit up 7% on higher interest income
Provisions for credit losses were slightly higher on year
10/13/2023
NBK Garlanded with Four Prestigious Awards at Qorus Banking Innovation Awards 2023
In ESG, SME Banking, Innovation in Payments, and Customer Experience Categories
10/11/2023
FAB successfully completes pilot testing with J.P. Morgan’s Coin Systems for blockchain-based cross-border payments
The pilot phase, executed seamlessly and within satisfactory response times, have demonstrated the capabilities and potential of blockchain technology in enhancing cross-border payment solutions
10/11/2023
Commercial Bank introduces unique and new shariah-compliant fund with Franklin Templeton
Wealth Management is an important strategic objective for Retail Banking at Commercial Bank as it allows us to provide our customers with a wide range of investment solutions in line with their financial aspirations.