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
Retail Banking
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%
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