08/09/2023
Bahrain's NBB posts 4% rise in H1 net profit to $108mln
The rise in net profit was driven by higher income from loans and investment securities, the bank said
Retail Banking
08/08/2023
Ajman Bank’s Dhs550m rights issue receives strong response
The rights issue was oversubscribed 7.4 times, with a total demand of Dhs4.1bn
08/08/2023
Gulf International Bank annouces outstanding first half results
With 108% increase in net income attribuatable to shareholders of the bank, exceeding the full year results of 2022
08/07/2023
Ajman Bank AED 550mln rights issue oversubscribed 7.4 times
The initiative attracted many international investment banks and local investors
08/04/2023
Kuwait International Bank launches online corporate banking
It also paves the path for further promising applications to make the customer’s banking experience even more personalised and unique.
08/04/2023
Qatar’s banking sector total assets up 1.4% MoM in June
Qatar banking sector loan provisions to gross loans stood at 3.8% in June 2023
08/03/2023
CBI net profit increases by 44% in H1 2023
CBI reported a net profit increase from Dhs55m in H1 2022 to Dhs79m in H1 2023
08/03/2023
UAE banks processed Dh6.74 trillion in remittances during first five months of 2023
Cash deposits with the Central Bank amounted to Dh69.52 billion
07/31/2023
Arab Bank Group profits grow by 59% to $401mln for the first half of 2023
The Group’s strong performance was driven by robust growth in its core banking business across different markets
07/28/2023
ADIB’s H1 2023 profit grows by 61% to Dhs2.3bn
The bank reported strong growth numbers as its retail and corporate businesses reflected growth and diversification in business
07/28/2023
UAE's banking sector demonstrates remarkable resilience
Unwavering appetite for borrowing has further strengthened the position of UAE banks
07/28/2023
SAB generates SAR3.3bln of net income in H1 2023, up 59% from H1 2022
SAB’s H1 2023 profit before zakat and tax is recorded at SAR3,991 million, up 61% from H1 2022
07/27/2023
Emirates NBD’s H1 2023 profit surge 130% to a record AED 12.3bln
Quarterly profit of AED 6.2 billion is highest ever
07/27/2023
Oman Arab Bank recognized as Domestic Retail Bank of the Year for its SME payment solutions
The bank acquired a total of 116 new merchants in the first three months from launch.
07/26/2023
KFH reports record net profit of KD 333.4m in H1
Earnings per share for the first half of 2023 reached 22.03 fils
07/26/2023
Saudi National Bank’s second-quarter profit jumps more than 9% to $1.3bn
Kingdom's largest lender reports $2.26 billion in operating income during the three month period
07/26/2023
QIIB net profit rises 7.7% to QR615m in H1
QIIB posted a net profit of QR615m with a growth rate of 7.7 percent compared to the same period of 2022, while earnings per share reached QR0.41.
07/26/2023
United Arab Bank net profit up 45% for first half of 2023
Growth in net profit is a result of improved net interest income and lower provision charges
07/26/2023
Sharjah Islamic Bank net profit up 36.7% at Dh494.6 million in first half of 2023
Net income from financing and investment products was up 22 per cent at Dh716.7 million
07/26/2023
Bank Albilad records 14.5% higher net profits in H1-23
The lender registered clients’ deposits valued at $28.34mln during the first six months of 2023, an annual growth of 19.28%