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.
Retail Banking
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%
07/24/2023
Bank of Bahrain and Kuwait B.S.C. Reports Earnings Results for the Second Quarter
Diluted earnings per share from continuing operations was BHD 0.01 compared to BHD 0.009 a year ago.
07/24/2023
Al Rajhi Bank’s Q2 profit slips 2.5% to $1.1bln on lower operating income
The bank’s board approves 11.5% dividend payout for H1 2023
07/21/2023
ADCB reports record half-year net profit of AED 3.811bln, up 25%
Q2 net profit of AED 1.932bln, up 23%
07/21/2023
UAE's top bank FAB Q2 profit up 61%, beating estimates
The bank posted a net profit of $1.14bln in the quarter
07/20/2023
Ahlibank half yearly net profit jumps 8.8% to QR360mn
Attracting key Qatari talents to the bank and training them to assume leadership positions in the future
07/19/2023
Commercial banks deposits reach QR954.539bn in May
The money supply1 (M1) amounted to QR154.603bn during May 2023 showing an annual decline of 8.3 percent.
07/19/2023
Oman Arab Bank appointed as lead arranger in $1.2bln syndicated loan for OQ Gas network
To date, Oman Arab Bank, as a Group, along with its strategic partner Arab Bank PLC and its sharia compliant 100% subsidiary Alizz Islamic Bank, has spearheaded the financing of several notable mega-scale projects
07/18/2023
KIB offers its customers tips for a safe banking experience during the travel and holiday season
Al-Suwaidan added that cardholders must learn their passwords by heart instead of writing them down and should not share them with anyone.
07/14/2023
NBK maintains leadership position in attracting top Kuwaiti talent
Bank upholds highest Kuwaitization rates
07/13/2023
Bank Muscat opens a new Asalah Centre in its branch in Izki
Asalah Visa Signature credit cardholders can enjoy airport lounge access at more than 1,000 lounges worldwide, up to 12 times a year, and a 24/7 global concierge service.
07/13/2023
Emirates NBD leads MENA’s banks in offering fractional bonds
The DFM-listed lender became among the first banks in the MENA region to provide such a service
07/13/2023
Abu Dhabi Islamic Bank raises $750m from sukuk issuance
The tier-one Sharia-compliant issuance was nine times oversubscribed
07/13/2023
Bank ABC in Jordan Supports the National Forum for Awareness and Development
This training program aims to promote awareness in communities by empowering young volunteers, enhancing their sense of responsibility and training them to take part in raising awareness of this serious scourge in all sectors of society.