05/25/2021
Dukhan Bank announces May draw winners of Thara’a savings account
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.
Retail Banking
05/24/2021
Emirates NBD wins customer vote for most recommended retail bank in the UAE
Also wins Most Recommended Bank in the Middle East award for Mobile Banking, Personal Loan and Remittances
05/24/2021
Gulf Bank of Kuwait selects Accura Scan for KYC User Onboarding
This long-due advancement by Gulf Bank will mean faster and better customer support for its loyal customer base across more than 50 branches.
05/24/2021
Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds
Loss provisions fell 43 percent year on year to EGP702 million.
05/19/2021
Emirates NBD takes fight to FAB in battle for UAE retail market
Emirates NBD has expanded consumer lending, increasing the size of its retail loan book 51% to 91.7 billion dirhams in 2020 from 60.9 billion dirhams in 2017, according to the data.
05/19/2021
Strong credit growth to sustain profitability of Saudi banks in 2021
Data from Standard & Poor’s show bank credit expanded by 14.5 per cent last year and is projected to be in excess of 10 per cent this year.
05/19/2021
HSBC Saudi Arabia Agrees to Relocate 3 Units to SABB’s Unit
The HSBC Group owns 51 percent of HSBC Saudi Arabia, with 49 percent owned by SABB.
05/19/2021
Khaleeji Commercial Bank BSC : ‘KHCB' offers Exceptional Real Estate Financing for Owns at ‘Danat Al Baraka' Project via ‘Mazaya'
The agreement came as a result of the firm partnership that brings KHCB and Eskan Bank together
05/18/2021
Emirates NBD hires banks for AT1 dollar bonds - document
Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday, the document from one of the banks showed.
05/17/2021
UAE banks to soft land amid profitability and asset quality challenges
Improving loan growth to somewhat offset interest incomes pressured by low interest rates
05/14/2021
Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision
Net interest income gained to 2.23 billion shekels from 2.19 billion a year earlier
05/13/2021
Bank ABC announces Q1 2021 results
Net profit of $30mln with cost of risk returning to pre-pandemic levels, reflecting better economic outlook
05/13/2021
Bank of Bahrain and Kuwait B S C : BBK participates in the Danaat Al Baraka road-show with special offers to finance through “Mazaya”.
The Danaat AlBaraka development project is located in Jannusan with 211 new villas in four different state of the art designs with easy access to a variety of facilities and amenities within a lively area.
05/12/2021
Ithmaar Bank announces first quarter profits, continues customer-focused growth
Current accounts portfolio up 7%
05/11/2021
KFH to offer round-the-clock digital banking services during Eid
KFH Go branch is considered a new electronic channel that helps transfer normal customer transactions to an automated branch
05/11/2021
NBK launches business concierge service
For Business Banking Plus customers
05/07/2021
UAB reports financial results for the three months ended 31st March 2021
UAB's financial performance was aided by a significant progress within the 'core' businesses recording a 5% YoY uplift in Total Income
05/07/2021
CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator
The certification is guided by the World Bank’s Gender Equity Model, which identifies the areas of focus and maps out the needed actions to accomplish the model’s objectives in each area.
05/06/2021
National Bank of Bahrain's Q1 net profit soars to $41m
The increase is predominantly attributable to the mark-to-market movements of the Bahrain Sovereign bond portfolio.
05/06/2021
Mashreq and Oracle Collaborate to Develop the Future of Transaction Banking
Oracle’s transaction banking platform is a componentized building framework that drives faster product innovation through a flexible, efficient product and process development architecture.