05/17/2022
EG Bank's standalone profits rise 24% in Q1-22
The bank's interest income increased by 6%
Retail Banking
05/16/2022
Commercial Bank wins 'Most Outstanding Innovation in Fraud Detection award in the World' from Global Finance
The dynamic nature of CBsafe ID provides an extra protective layer to the service that makes it more secure to use.
05/15/2022
Ithmaar posts $3.95m Q1 profit; operating income up 16pc
The assets and liabilities subject to the above transaction have been presented separately as ‘held-for-sale’ in the consolidated financial information in accordance with the relevant accounting standards.
05/15/2022
QIB wins 4 prestigious awards from the Digital Banker Magazine
The Bank was named “Best Digital Bank for Customer Experience in Qatar”, “Best Islamic Bank for Digital Customer Experience in Qatar”, “Best Bank for Cash Management”, and “Outstanding Account Opening and Onboardi
05/12/2022
Bahrain-based Bank ABC Q1 net profit rises 3pc to $31m
The balance sheet remains strong with capital and liquidity ratios well above the regulatory requirements: the group’s T1 Ratio is 16.6%, comprising predominantly 14.7% CET1, LCR 247% and NSFR 124%.
05/12/2022
Dukhan Bank reports QR392m net profit for Q1
Total shareholders’ equity exceeded QR14bn, and the capital adequacy ratio stands at 18.3 percent in accordance with the Basel III requirements,
05/11/2022
Top 10 Saudi banks post 15.5% surge in 2021 net income
A&M’s KSA Banking Pulse examines data of the 10 largest listed banks in the Kingdom, comparing the FY’21 results against FY’20 results.
05/05/2022
GCC central banks raise interest rates after US Federal Reserve move to curb inflation
Consumer prices in the world's largest economy rose 8.5 per cent in March
05/03/2022
Emirates Development Bank showcases its pivotal role
EDB has launched new services that support financial inclusion, including its digital solution for SMEs and start-ups, which resulted in more than 1,000 new accounts being created within the first six months of its launch
05/02/2022
Arab Bank Group reports $166 million in net profit for first quarter of 2022
The result is a 29.4 percent increase over the group’s Q1 2021 performance
05/02/2022
UAB's profits hike 198% in Q1-22 unaudited financials
The basic and diluted earnings per share (EPS) stood at AED 0.02 in the first three months of 2022, against AED 0.01 in the corresponding period of 2021
04/29/2022
Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account
Mashreq Bank joins a group of four banks that are currently live on the network, including Emirates NBD, Commercial Bank of Dubai (CBD), Abu Dhabi Commercial Bank (ADCB), and HSBC
04/29/2022
UAE top lender FAB posts record profit helped by stake sale
Arqaam Capital had forecast a net profit of 3.05 billion dirhams for the quarter, while EFG Hermes had put it at 3.1 billion dirhams.
04/28/2022
Magnati sale raises UAE’s First Gulf Bank's Q1 net profit to $1.4bln
Loans are up 15% while impairments dip slightly
04/28/2022
Doha Bank net surges 5.6% year-on-year to QR401mn in Q1
Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani, managing director of Doha Bank, said, the total shareholder’s equity by end of quarter reached QR14bn.
04/27/2022
Moody's upgrades Qatar banks outlook to 'stable' on receding Covid-19 challenges
The banks' loan performance remains strong despite some of the lenders having operations in countries with weaker economic conditions.
04/27/2022
Banking system outlook upgraded in Bahrain
The agency expects core capital held by Bahraini banks to remain broadly stable as modest loan growth is balanced by profit retention
04/26/2022
Abu Dhabi Commercial Bank's quarterly net profit up 32%
The bank has recovered from its exposure to UAE hospital operator NMC, which ran into financial difficulties and went into administration in 2020.
04/26/2022
ADCB reports net profit in Q1 2022
Bank has continued to grow and diversify its loan book
04/26/2022
Bergen records strong growth in the first quarter of 2022
Net income of 12.1 million Kuwaiti dinars and operating profit of 30.2 million Kuwaiti dinars