05/02/2022
UAB's profits hike 198% in Q1-22 unaudited financials
The basic and diluted earnings per share (EPS) stood at AED 0.02 in the first three months of 2022, against AED 0.01 in the corresponding period of 2021
Retail Banking
04/29/2022
Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account
Mashreq Bank joins a group of four banks that are currently live on the network, including Emirates NBD, Commercial Bank of Dubai (CBD), Abu Dhabi Commercial Bank (ADCB), and HSBC
04/29/2022
UAE top lender FAB posts record profit helped by stake sale
Arqaam Capital had forecast a net profit of 3.05 billion dirhams for the quarter, while EFG Hermes had put it at 3.1 billion dirhams.
04/28/2022
Magnati sale raises UAE’s First Gulf Bank's Q1 net profit to $1.4bln
Loans are up 15% while impairments dip slightly
04/28/2022
Doha Bank net surges 5.6% year-on-year to QR401mn in Q1
Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani, managing director of Doha Bank, said, the total shareholder’s equity by end of quarter reached QR14bn.
04/27/2022
Moody's upgrades Qatar banks outlook to 'stable' on receding Covid-19 challenges
The banks' loan performance remains strong despite some of the lenders having operations in countries with weaker economic conditions.
04/27/2022
Banking system outlook upgraded in Bahrain
The agency expects core capital held by Bahraini banks to remain broadly stable as modest loan growth is balanced by profit retention
04/26/2022
Abu Dhabi Commercial Bank's quarterly net profit up 32%
The bank has recovered from its exposure to UAE hospital operator NMC, which ran into financial difficulties and went into administration in 2020.
04/26/2022
ADCB reports net profit in Q1 2022
Bank has continued to grow and diversify its loan book
04/26/2022
Bergen records strong growth in the first quarter of 2022
Net income of 12.1 million Kuwaiti dinars and operating profit of 30.2 million Kuwaiti dinars
04/25/2022
Lebanon banking group rejects latest draft of financial recovery plan
Lebanon's banks have been a major lender to the government for decades, helping to finance a wasteful and corrupt state that went into financial meltdown in 2019.
04/25/2022
Burgan Bank Q1 revenue up 10% to top $171mln
Net interest margins improved to 2.1% in Q1’22 as compared to 1.7% reported in Q1’21
04/25/2022
Qatar banks post 24.51% year-on-year rise in provisions in February: QCB
The provisions inside Qatar (in both local and foreign currency terms) reported a 30.12% year-on-year surge to QR35.51bn, about 83% of the total provisions in the banking sector in February this year.
04/22/2022
Arab Monetary Fund signs MoU with African Export-Import Bank
Under the MoU, Buna and PAPSS will cooperate to achieve efficient interoperability between their respective platforms and act as payment gateways that link the Arab region to the African continent
04/21/2022
Dubai lender Emirates NBD posts highest quarterly net profit of $735mln
Profit highest in a quarter since 2019, says bank
04/21/2022
Commercial Bank reports QR702.3m net profit for first quarter
Operating profit for the Group increased by 18.6 percent to QR942.5m for the quarter ended 31 March 2022
04/20/2022
Boubyan Bank records KD 17mln in net profits for the first quarter of this year
At a growth rate of 34%
04/20/2022
Kuwait’s NBK reports 38% surge in Q1 profit on lower impairment losses
The Gulf country's biggest lender posted a profit of $382m during the first three months of the year
04/19/2022
GCC banks require monitoring once pandemic measures lifted: IMF
While monetary and financial supporting policies continue to be essential to strengthen the ongoing recovery
04/19/2022
National Bank of Kuwait reports net profit of KD 116.6mln for the first quarter of 2022
Al-Sager: NBK achieved robust interim profits; and continued to build a solid operating momentum across all business segments