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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%

04/07/2022

QIB and QDB sign new “Al Dhameen” program agreement

QDB announced new updates to Al Dhameen program, for small and medium-sized companies, to encourage partner banks to finance projects

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