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Retail Banking

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.

10/09/2023

Qatar banking sector total assets rise by 0.3% in August

The banking sector total loan book moved up 0.2% MoM (down 0.7% in 2023) and deposits went down marginally MoM (-7.1% in 2023) in the month of August 2023

10/09/2023

Egypt banks set new limits for cash withdrawals, purchases abroad

Some Egyptian banks have set new limits for using their cards abroad to curb abusive practices that drain the country’s foreign currency reserves.

10/06/2023

Kuwait banks deposit with foreign banks plummet 17.6 pct in 2023

Kuwait central bank actively working to maintain the attractiveness of the dinar

10/04/2023

Al Salam Bank launches women leadership programme ‘Qaedat’

The launch of the programme is in line with the vision of the Supreme Council of Women to empower Bahraini women and support their active participation in various sectors

10/03/2023

NBB Wins ‘Best Bank for ESG in Bahrain’ for Second Year at Euromoney Awards for Excellence 2023

The highly acclaimed award reflects the Bank’s significant achievements towards Environmental, Social and Governance (ESG) practices.

09/29/2023

Fitch affirms Commercial Bank’s rating at ‘A-’ with positive outlook

The rating is driven by a “strong propensity” of support from the Qatari authorities and reflects Qatar’s strong ability to support domestic banks

09/27/2023

Oman bank credit jumps 8.7% to reach RO30bn mark in July

The share of financial corporations was 5.9%, while other sectors received the remaining 3.7% of total private sector credit.

09/26/2023

First Abu Dhabi Bank hires lenders for Tier-2 dollar bonds - document

A Tier-2 bond issue maturing in 10.5 years might follow and would be non-callable for 5.5 years.

09/25/2023

Rain ADGM launches instant AED banking deposits and exclusive OTC desk for institutional clients in the UAE

This further enhances our banking infrastructure and users in the UAE can benefit through a secure and seamless transition from fiat currency to virtual assets.

09/25/2023

Oman Arab Bank announces winners Of 2023 Summer Credit Card Campaign

Five lucky winners will be jetting off on premium holidays after winning the final draw

09/25/2023

NBO named Best Performing Company in the Large Capital category at AIWA Awards

Recognizing its commitment to excellence in all operations

09/22/2023

Swipe2B’s payment solution processes $2bln of B2B supplier payments in the UAE

As the economic hub of the Middle East, the UAE boasts a thriving business ecosystem and Swipe2B has emerged as a catalyst for growth and efficiency

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