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Retail Banking

03/02/2023

American Express Saudi Arabia expands ATM network with Bank AlJazira

By allowing access to ATM withdrawal transactions to be processed with more convenience, the company seeks to strengthen its presence within the Kingdom and diversify value offerings to its Cardmembers.

03/01/2023

FAB to distribute $1.5bln cash dividends after record net profit

Payout for 2022, approved by shareholders at recent meeting, is up 7% from 2021

02/27/2023

Bank credit in Oman grows 4.8% to RO29.2bn in 2022

The share of financial corporations was 5.3 per cent in total private sector credit, while other sectors received the remaining 3.7 per cent as of end-December 2022.

02/24/2023

NBK ties up with AFS for point-of-sale services in Bahrain

Majority-owned by Bank ABC, AFS is a regional digital payment solutions provider and fintech enabler, and a leading merchant acquirer in Bahrain

02/23/2023

Banks across Egypt, Morocco, and Jordan face an uncertain 2023

S&P says Egypt's growth should continue to slightly outpace peers

02/22/2023

Ithmaar Bank reports $22mln net profit for 2022

Bank continues to report profits for the year as it has started the next phase of growth as an exclusively corporate-focused Islamic bank

02/22/2023

Commercial International Bank - FMO and CIB Sign USD 50 mln Credit Guarantee to Support SME Customers in Egypt

The signing ceremony took place on Thursday, 9 February 2023, at the Dutch Embassy in Cairo, Zamalek.

02/22/2023

Riyad Bank goes live in the Kingdom of Saudi Arabia with the E-invoicing ZATCA integration; enabled by SunTec Xelerate

SunTec is enabling the ZATCA integration for the top five banks in the KSA region

02/20/2023

KFH – Bahrain launches all-new contactless Visa Infinite credit card

This comes as part of the Bank’s ongoing efforts to develop its retail services for its high-net-worth clients

02/20/2023

SABB wins Best General Clearing Member Award at Saudi Capital Market Forum

The award recognizes SABB’s efforts in delivering the best post trade cash clearing and settlement services to financial institutions in the Kingdom

02/15/2023

Local banks increase activity in concluding joint loan deals

The contribution came in various shares, including government projects directly, and projects of companies from the private sector.

02/14/2023

RAKBANK records net profit rise of 53.4% to Dhs1.16bn in 2022

The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase

02/13/2023

Bank ABC 2022 attributable net profit soars 55pc to $154m

These strong revenues contributed to the group delivering a robust overall performance during 2022, with a headline net profit attributable to the shareholders of the parent of $154 million, up 54% on 2021.

02/10/2023

First Abu Dhabi Bank says not currently evaluating offer for StanChart

News of the potential offer first came on Jan. 5, when FAB said it had considered a bid for London-listed Standard Chartered but was no longer doing so

02/10/2023

Burgan Bank Kuwait posts net income for FY 2022

Reporting Revenues of KD 232 million and Operating Profit of KD 125 million

02/09/2023

SABB increases net profit by 52% to SAR 4,872mln during 2022

Total operating income increases 26% to SAR 9,697 million for the year

02/08/2023

Dubai Investments' 2022 profit soars to Dh1.6b helped by stake sale in Emirates District Cooling

Dubai industrial park operator sold controlling stake in district cooling firm

02/08/2023

QCB grants B2M Trading Company license for digital payment services

QCB said that the license comes in continuation of its efforts to develop and reinforce the financial technology sector.

02/07/2023

SICO’s H1 preferred picks are Dubai's Emirates NBD, Dubai Islamic Bank

The Bahrain-based brokerage said it would remain skeptical on Saudi banks

02/06/2023

Qatar banking sector assets up 3.3%

The domestic private sector loans increased by 2.1 percent MoM (+7.4 percent in 2022) in December 2022.

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