10/25/2021
Arab National Bank profits fall: Market Wrap
Alinma Bank’s profits rose 15 percent in the third quarter to SR822.9 million ($219.4 million), compared to SR715 million in the third quarter of 2020.
Retail Banking
10/25/2021
UAE banking assets to grow by up to 10% next year amid Expo boost and economic recovery
Lenders in the country have received $68.07bn in assistance from the UAE Central Bank, UBF chairman Abdulaziz Al Ghurair says
10/24/2021
Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit
Higher operating income offsets impairment costs
10/24/2021
Saudi National Bank posts 20% rise in quarterly profit
The result was better than the 3.6 billion riyals average analysts’ forecast on Refinitiv Eikon data
10/21/2021
Dubai's biggest bank still waiting for asset quality to improve
Emirates NBD said its nine-month profit rose an annual 29 percent to $2bn, while impairment allowances dropped 42 percent
10/20/2021
Kuwait’s Boubyan Bank net profits grow by 37%, plans ESG framework
Bank plans to expand its digital services with a focus on fintech
10/20/2021
Emirates NBD: Q3 2021 net profit up 29% YoY to AED 7.3 billion
The lender reports $682m in net income as impairment losses decline
10/19/2021
Al Khaliji Commercial Bank reports Q3, 2021 results
Net profit of QAR561mln, 3%+ growth year on year
10/18/2021
QIB nine-month net profit rises 13.9% to QR2.52bn
QIB has been able to bring down the “finance to deposit” ratio to 99% compared to 101% at the end of December 2020.
10/18/2021
GFH to buy 100% of Khaleeji Commercial Bank to boost its portfolio
Acquisition is expected to give Bahraini lender access to a wider segment of clients and a bigger market share
10/11/2021
QIB Wins “Best Retail Bank Qatar” Award
The 2021 edition of the awards received over 300 entries from 25 countries across the Asian continent representing the best-in-class consumer finance and retail banking companies.
10/08/2021
Creative digital, technological solutions presented at QDB hackathon
QDB’s CEO Abdulaziz Nasser al-Khalifa expressed his pleasure with the quality and potential of the participating projects, reaffirming the Bank’s intention to hone the winning ideas through QDB’s incubators and programmes.
10/08/2021
Qatar’s large state footprint in economy helps local banks navigate stress with minimal impact: S&P
Today, 82% of S&P outlooks on GCC bank ratings are stable
10/06/2021
Ithmaar Bank opens new branch in Seef Mall with integrated, cutting-edge digital services
The new Main Branch was inaugurated by Ithmaar Bank Chief Executive Officer, Ahmed Abdul Rahim, in the presence of presence of Central Bank of Bahrain (CBB) Executive Director - Banking Supervision, Khalid Al Hamad, and CBB Director - Islamic Financial In
10/05/2021
Emirates NBD set to expand its presence in India with an approval for two new branches
Supporting growth of business ties between UAE and India
10/01/2021
Jordan Kuwait Bank to launch region’s first contactless biometric cards using Thales tech
Users will be able to authenticate transactions with their fingerprints
10/01/2021
National Bank of Egypt begins work for its first branch in Riyadh
The bank official said it’s now in talks with the responsible Saudi authorities, to determine the capital of the branch, which must comply with Saudi laws.
09/29/2021
QIIB awarded ‘Most Innovative Islamic Retail Bank in Qatar for 2021’ by International Finance Magazine – UK
The Bank’s financial products and services have also seen exceptional growth over the past year, notably across its digital channels, which provided customers with the ability to access banking services at a remarkable level of speed and flexibility
09/24/2021
Qatar retail segment sees new operational models such as ‘revenue share’ deals: KPMG
The declining rentals remain in favour of the retailers, as major developers/mall operators continue to offer incentives to attract and retain tenants such as rent-free periods, freezing rent periods, and extended fit-out periods, KPMG said.
09/23/2021
Qatar First Bank EGM approves increasing paid-up nominal share capital to QR1.12bn
The increase in the bank’s nominal share capital will help the bank further strengthen its equity, balance sheet, and liquidity position, in addition to exploring investment opportunities.