04/25/2022
Burgan Bank Q1 revenue up 10% to top $171mln
Net interest margins improved to 2.1% in Q1’22 as compared to 1.7% reported in Q1’21
Retail Banking
04/25/2022
Qatar banks post 24.51% year-on-year rise in provisions in February: QCB
The provisions inside Qatar (in both local and foreign currency terms) reported a 30.12% year-on-year surge to QR35.51bn, about 83% of the total provisions in the banking sector in February this year.
04/22/2022
Arab Monetary Fund signs MoU with African Export-Import Bank
Under the MoU, Buna and PAPSS will cooperate to achieve efficient interoperability between their respective platforms and act as payment gateways that link the Arab region to the African continent
04/21/2022
Dubai lender Emirates NBD posts highest quarterly net profit of $735mln
Profit highest in a quarter since 2019, says bank
04/21/2022
Commercial Bank reports QR702.3m net profit for first quarter
Operating profit for the Group increased by 18.6 percent to QR942.5m for the quarter ended 31 March 2022
04/20/2022
Boubyan Bank records KD 17mln in net profits for the first quarter of this year
At a growth rate of 34%
04/20/2022
Kuwait’s NBK reports 38% surge in Q1 profit on lower impairment losses
The Gulf country's biggest lender posted a profit of $382m during the first three months of the year
04/19/2022
GCC banks require monitoring once pandemic measures lifted: IMF
While monetary and financial supporting policies continue to be essential to strengthen the ongoing recovery
04/19/2022
National Bank of Kuwait reports net profit of KD 116.6mln for the first quarter of 2022
Al-Sager: NBK achieved robust interim profits; and continued to build a solid operating momentum across all business segments
04/18/2022
At a glance - Commercial International Bank 1Q22 results
Healthy financial position expansion and improving asset quality metrics boost profitability profile
04/18/2022
SABB wins Saudi Arabia’s Best Bank 2022 Award
Awarded by Global Finance magazine to SABB for the third year in a row, in recognition of the bank’s efforts in providing the best banking experience to customers
04/18/2022
Ahlibank honoured with ‘Leadership in Youth Development’ Award
Recognised for its defining role in Graduate Training Programme
04/18/2022
Standard Chartered announces changes to refocus and simplify its presence in Africa & Middle East region
The Group has invested heavily in recent years in the AME region
04/13/2022
Sohar Islamic inks agreement to provide retail and wholesale banking solutions to Madayn
To open new service centers at Madayn branches and offer a suite of retail and wholesale banking solutions
04/13/2022
NBK Capital Awarded Global Finance’s “Best Debt Bank”
For 2022 on the Middle East Level
04/13/2022
Burgan bank launches fast international transfer service in with Mastercard
The Fast International Transfer service benefits include transparent transfers with no hidden fees, competitive foreign exchange rates, payment tracking, and fast and secure transfers in compliance with the highest global security standards.
04/12/2022
Gulf lendere QNB posts 9% rise in first-quarter profit
The Gulf's biggest bank reported a net profit of $989.6mln
04/12/2022
QNB Group: Financial results for the three months ended 31 march 2022
Net Profit for the three months ended 31 March 2022 reached QAR3.6 billion
04/11/2022
NBO Customers Can Enjoy Lowest Rates When Using Prepaid Badeel Travel Card
Customers can pay in Saudi Riyals and Emirati Dirhams when using the Badeel Prepaid Travel Card with just a 0.5% load fee, five-times lower than the market average
04/07/2022
Banque Misr, NBE return on certificates in 2 weeks rises
Earlier in March, NBE and Banque Misr issued certificates of deposits with annual return of 18%