11/17/2023
Kuwaiti bank settlements hit 182.7bln dinars in 2023
Local bank transactions surge 7.5% in Q3
Retail Banking
11/17/2023
Bank Hapoalim cuts Q3 dividend to 20% of profit
The bank reported third quarter net profit of NIS 1.67 billion, 6.5% down from NIS 1.79 billion in the corresponding quarter of 2022.
11/16/2023
Al Salam Bank launches 'Al Salam Takaful' for individuals, SMEs
Al Salam Takaful product falls under the umbrella of Al Salam Bank's partnership with Solidarity Bahrain
11/13/2023
Bank ABC Islamic 9M net profit rises 18.6% to $35.1mln
Net operating income before credit losses stood at $44.1mln
11/09/2023
ALEXBANK signs with Network International to accelerate digital transformation
To provide a fully-fledged payment processing solution to support the bank’s digital transition
11/09/2023
UAE lender ADCB to sell majority stake in Abu Dhabi Commercial Properties
Bank expects to gain over $108 million from the transaction
11/07/2023
Agthia Group reports $890mln net revenue during first nine months of 2023
Agthia’s strong performance in the first half continued into the third quarter
11/06/2023
Oman’s BankDhofar launches vertical credit card
The vertical design is more ergonomic and easier to hold, making it ideal for one-handed use.
11/06/2023
How GCC neobanks are shaping the next banking revolution
Neobanks have reset the paradigm for the traditional banking industry in terms of customer experience, product innovation and pricing
11/01/2023
BankDhofar introduces innovative vertical credit card with enhanced security and rewards
It offers a contemporary design, reflecting the convenience of 'Tap and Go' payments
11/01/2023
NBO highlights Systematic Investment Plan as a path to financial success
Enables individuals to invest small, fixed amounts at a specified frequency into a pre-defined market portfolio
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
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