02/04/2022
Profits of Bank Albilad soar to $450m in 2021
It added that profits were further buoyed by a 2 percent fall in operating expenses, as a result of lower impairment charges for expected credit lowers, which dropped by 18 percent.
Retail Banking
02/03/2022
Al Ahli Bank of Kuwait headed towards further growth in DIFC
The bank successfully achieved the latter and grew beyond the budgeted targets with a large number of its international client transactions carried out from the DIFC office.
02/03/2022
Saudi National Bank ranked among top six most valuable banking brands in MENA
“QNB’s growth outpaced the average of the top 50 banking brands, reflecting the hard work put behind the brand and business over the last few years,”
02/03/2022
QIIB gets ‘Best Bank in Qatar for Credit Card Offers
Apart from being a method of payment for commodities, QIIB credit cards have another added value, which is reflected in the numerous benefits and facilities that are available to customers once they obtain their cards.
02/03/2022
Saudi National Bank reports 11% rise in 2021 income amid continued economic recovery
The kingdom's largest lender said net profit climbed to about $3.4 billion
02/02/2022
RAKBANK profit rises to $206mln in 2021
Profits are up by 50 percent on 2020
02/02/2022
Turkish banking sector records USD7B in net profit
As per the liabilities part, deposits held at lenders in the country which are the biggest liabilities item
02/01/2022
QNB continues to be most valuable banking brand in region
“This continuous success would not have been achieved without our seamless effort to enhance the Bank’s identity supported by its brand growth, in addition to providing our customers with the most innovative products and developing our digital
02/01/2022
Kuwait Credit Bank weighs issue of $3.30bln of bonds amid liquidity crunch
No decision has been made and KCB is also considering issuing sukuk or taking bank loans to fund a longstanding lack of liquidity amid ballooning demand for its interest-free home loans
02/01/2022
ADCB quarterly net profit up 44%
Full-year net profit also rose 38%
02/01/2022
Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021
Mashreq builds on gains from core categories as well as a drop in impairment costs
02/01/2022
National Bank of Fujairah launches new account for SMEs, startups
The solution aims to extend the benefits of digital banking solutions to entrepreneurs
02/01/2022
Doha Bank signs MoU with Karty to empower financial entrepreneurship, innovation in Qatar
With the support of major public and private sector players in Qatar, including the Qatar Financial Centre (QFC), Qatar Science and Technology Park (QSTP), and the Digital Incubation Centre (DIC), the startup is now extending its fintech expertise to the
01/31/2022
Jordan's Arab Bank records 61% surge in 2021 profit
A rise in net interest income drove profitability despite pandemic-driven uncertainties
01/31/2022
UAE largest bank achieves record profit
The bank said its net profit rose 34 per cent to $2.5 billion, from $1.9 billion in 2020.
01/31/2022
Arab Bank Group net profit up 61% to $314.5m
The consolidation of Oman Arab Bank has materially increased customer deposits and loans by $7.3 billion and $7.5 billion, respectively, it said.
01/28/2022
Bahrain's Al Salam Bank agrees to acquire Ithmaar's retail banking business
Transaction to position bank as largest Islamic lender in Gulf state
01/28/2022
The Saudi Central: Electronic payments to individuals exceed the target
On the other hand, corporate payments in the corporate sector have experienced significant growth
01/28/2022
Turkish central bank doubles 2022 inflation forecast to 23%
The bank also forecast 8.2% inflation for the end of 2023 and a return to its official target of 5% a year later.
01/27/2022
Dubai largest bank say net profits jumped in 2021 as economy rebounded
"Emirates NBD continued financing the real economy and was rewarded as economic growth rebounded, helped by government economic stimulus packages."