07/30/2020
The crash in oil prices has already sparked a wave of mergers and acquisitions in the banking sector across the Middle East, with lenders in Saudi Arabia, Qatar, the UAE, Kuwait, and Oman considering tie-ups.
07/30/2020
Banks in the Gulf region are raising provisions to offset an expected increase in sour loans due to the twin shock of plunging oil prices and the coronavirus fallout
07/30/2020
Shawa explained that the PMA is constantly working to enhance the financial base of the Palestinian banking system in order to ensure the security of depositors' funds and the rights of banks' customers.
07/30/2020
The latest update, in response to the prioritized customer needs, enables users to retrieve their username and unblock their access to the App.
07/30/2020
In May ADCB reported an 84% fall in first-quarter net profit as it took impairments of $292 million on debt exposure to NMC Health and payments group Finablr.
07/30/2020
Turkey’s government has flooded the economy with cheap loans from state-run banks and urged private lenders to follow suit to help boost economic growth.
07/29/2020
Bank has taken on higher provisions to cope with unprecedented market conditions
07/29/2020
“QIB is happy to add Al Meera’s extended network of hypermarkets and supermarkets to our Absher Rewards Programme network."
07/29/2020
As a result, the total costs (excluding one-off impairment costs) were reduced by 27 percent during the first half of the year compared to the same period last year.
07/29/2020
The blockchain project is being supported by Smart Dubai and the Central Bank of UAE who plays a key regulatory role in the initiative.
07/29/2020
The bank said it focused on 'diligent risk management' and providing relief to its clientele during the second quarter
07/28/2020
“Our economic forecasts indicate a contraction of around 6% in Kuwait’s GDP in 2020 as a result of the economic headwinds resulting from the disruption in commercial activities and the sharp decrease in government revenues as oil prices plunge
07/28/2020
Net loans and advances increased to QR62.5bn (as on June 30) from QR60.9bn for the same period last year, registering a growth of 2.6%.
07/27/2020
Lower interest rates and weakening oil prices hurt revenues, the bank said
07/27/2020
In this regard, NBK provides an integrated program for Premium Banking Customers (Private Banking, Privilege Banking and Thahabi Package) in partnership with Peacock Concierge.
07/27/2020
Commercial Bank has taken several measures during the pandemic to meet the market’s requirements and help customers with their daily banking needs through digital channels.
07/27/2020
The latest update, in response to the prioritised customer needs, enables users to retrieve their username and unblock their access to the app.
07/24/2020
On June 30 we issued a joint press release with Masraf Al Rayan expressing our intention to explore a potential merger of the two banks.
07/24/2020
The operating profit for the group increased by 17.9% to QR1.52bn for the half year that ended in June compared to QR1.29bn achieved in the same period in 2019.
07/23/2020
Green loans are loans to businesses and projects that consider energy efficiency management, more adoption of renewable energy sources, and reduced waste