08/22/2022
Ahlibank successfully completes issuance of RO 75mln Additional Tier 1 capital instruments
Comprising 50,000,000 Bonds, with a Green shoe option of up to 25,000,000 additional bonds
Retail Banking
08/22/2022
Turkey forces banks to slash commercial loan interest rates
The central bank cut its policy rate to 13%, even with inflation running at a 24-year high of 80%
08/18/2022
Emirates NBD launches global call for metaverse start-ups to transform future of banking
Marking Emirates NBD’s first play in the metaverse, the accelerator programme positions the bank as a leader in the next phase of banking innovation
08/16/2022
Suez Canal Bank’s profit rises to over $13mln in H1-22
The bank’s net interest income stood at over $43mln in the January-June period in 2022
08/16/2022
Oman Arab Bank sponsors the Little Tourist Forum
Seeking to develop the skills of young children in the tourism sector
08/15/2022
Al Ahli Bank of Kuwait – Egypt achieves net profit of over $46mln in H1 2022
According to the Bank’s announced results, the total assets grew by 8%
08/12/2022
UAE banking system can withstand adverse scenarios: Central Bank
The CBUAE projects real GDP growth to further increase to 5.4% in 2022, supported by higher economic activity and higher oil prices
08/12/2022
Ahli United Bank Egypt offers 8% cashback on 3-years Premium CD
The purchase of AUBE’s CDs and account opening services are available at its branch network of 40 branches nationwide
08/11/2022
Building a strategic procurement function in retail banking
Retail banks can potentially face an array of challenges to their procurement function that may be hindering their ability to cut costs and increase their reach in the market.
08/11/2022
Gulf International Bank achieves 121% in net profit for the first half of 2022
The second quarter provisions witnessed a release of $0.9 million, compared to a provision charge of $12.1 million in the second quarter of 2021
08/09/2022
Oman’s Sohar bank eyes merger with HSBC
The board will keep the market updated as the matter progresses, it added.
08/09/2022
SABB “Best bank for sustainable finance in the Kingdom” for 2022
SABB was chosen for this award based on a set of international standards in a variety of categories, including sustainable financing, community support, emerging market growth, and infrastructure
08/09/2022
First Abu Dhabi Bank selects IBM Consulting as digital partner
Already partnering with IBM for years on multiple technology fronts, First Abu Dhabi Bank has now appointed ‘Big Blue’s (one of IBM’s nicknames) consulting division as a consultancy partner for its digital transformation journey.
08/08/2022
EDB approves $653m in finance during H1; up 418%
The Board meeting was held for the first time in the Bank’s new headquarters in Abu Dhabi located in Mubadala Tower
08/08/2022
Sohar International empowers wholesale banking clients
By introducing unified transaction banking digital services
08/08/2022
Turkey’s banks are adopting Russian payments system: Erdogan
While Turkey voiced its opposition to Russia’s invasion of Ukraine, it has refrained from joining US and European sanctions on Russia.
08/08/2022
QIB Group CEO wins Asian Banker ‘CEO Leadership Achievement for Qatar Award’ for 2nd consecutive time
The bank introduced a series of new digital products and services for all its customers’ segment with many of them introduced for the first time in Qatar.
08/05/2022
'KHCB' reports BD 6.81mln net profit attributable to the bank’s shareholders in the first half of 2022
With an increase of 13.37% compared to the same period last year
08/04/2022
NBB launches new ‘Double Points’ campaign
Cardholders will also have the chance to enter a raffle draw to win a Jeep Wrangler as part of their points’ redemption, it said.
08/03/2022
IsDBI initiates 1st Arabic language online course on edX Platform
The course which is open to all interested professionals and Islamic financial specialists from 15th August 2022