03/04/2021
Finastra reveals corporate bank priorities for 2025
To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking.
Retail Banking
03/04/2021
Commercial Bank successfully issues $500mn PNC5 AT1
Commercial Bank's $500mn PNC5 AT1 is the largest size issuance for an AT1 out of Qatar
03/03/2021
Saudi National Bank, the Kingdom’s new national champion in banking
The combination of the two Saudi banks is the latest in a wave of Gulf banking mergers
03/03/2021
Banque Saudi Fransi board recommends $127.9mln dividend
More than one billion shares will be eligible for the compensation at $0.11 per share
03/03/2021
Qatar- Commercial Bank wins two major Euromoney awards
Commercial Bank GCEO Joseph Abraham said, 'Commercial Bank is committed to digital innovation to enhance the experience of our customers and these awards reflect the strength of our best-in-class digital products and services.
03/03/2021
Banking on green investment to drive climate action
In light of the Abu Dhabi Global Market’s recent forecast that sustainable investment will aid economic recovery in 2021
03/02/2021
COVID-19 impact: Qatari banks to see high provisioning costs in 2021
Combined net profit of Qatari banks declined 12% to $5.6bln in 2020
03/02/2021
Arab Bank named the Middle East’s Best Trade Finance Provider 2021
This global recognition is a testament to Arab Bank’s solid performance and long success record driven by its institutional vision and constant efforts towards adopting the latest technologies in the banking industry
03/02/2021
Shareholders approve new mega-bank - Saudi National Bank to launch on April 1
Entity created from NCB and Samba Financial Group merger will have 30% market share
03/02/2021
Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance
03/02/2021
Akbank Seeks Cheaper Foreign Borrowing in Test for Turkish Banks
The lender paid 35 basis points more on dollar and euro facilities when it raised a loan of around $800 million in October.
03/02/2021
Turkish banks’ net profits reach $594M in January
Loans, the biggest sub-category of assets, were around TL 3.6 trillion ($487.5 billion), posting a 32% rise year-on-year.
02/28/2021
SABB reports resilient Q4 results, net income up by 7%
The fourth quarter of 2020 saw an acceleration in the integration of SABB and Alawwal Bank, with full integration expected by the end of the first quarter of 2021.
02/28/2021
ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance
The assets have a gross book value of about Dh1.13 billion as of January 31, 2021
02/28/2021
Mashreq recognized as market leader for its best in class transactional banking services in the Middle East by Euromoney
Recognized as 'Market Leader' in the UAE and the Middle East region in the Euromoney Trade Finance Survey 2021
02/28/2021
Saudi's Riyad Bank announces $399mln cash dividend
Board recommends payout despite 12% net profit decline
02/26/2021
Total net income of Al Baraka banking group reaches US$166 million in 2020
With Total Assets exceeding US$28 billion
02/26/2021
Commercial banks' total assets jump 8.55% year-on-year to QR1.69tn in January: QCB
Total domestic assets were seen expanding 10.17%; while foreign assets were down 0.8% year-on-year in January 2021.
02/26/2021
Saudi's Samba-NCB new entity to finance development projects: Chairman
$213mln a year budget is attributed to cut in cost of technology systems for the two banks
02/26/2021
QFB’s performance improved in 2020: Chairman
In addition to a sustainable fee income stream, a drop in funding costs along with a better-managed deposits book helped improve the bank’s balance sheet and overall liquidity position.