02/19/2021
Bank ABC announces 2020 results
An increase in Loan Loss Provisions, largely related to unforeseeable major fraud cases and Covid-19 impact, created a Net Loss of US$89 Million, Attributable to the Shareholders of the Parent
Retail Banking
02/19/2021
Infinet Wireless provides NBO with reliable connectivity
It has over 60 branches and 173 ATMs and cash deposit machines spread across the country, serving a considerable portion of the country’s five million population.
02/18/2021
National Bank of Bahrain goes live with Backbase-built digital banking platform
Partnering with Backbase to accelerate our digital transformation and launch our new app has helped us more readily address our clients' needs throughout various stages of their customer journey
02/18/2021
New SME bank to help fill Kingdom’s financing gaps
The new lender will be called the Bank of Small and Medium Enterprise
02/18/2021
National Bank of Bahrain B.S.C. reports a net profit of BHD 53.3 million
Attributable to the owners of the bank for the full year ending 31 December 2020
02/16/2021
BBK records $34.48m profit for Q4
Net interest income dropped by 12% to BD20.5 million (BD23.3 million in the corresponding period of last year), mainly due to interest rate cuts during early 2020.
02/15/2021
FAB acquires Egypt FRA custody license
The license will facilitate membership of the country's central securities depositary, Misr for Central Clearing, Depository and Registry, providing the integral function of settlement and clearing of trades executed on The Egyptian Exchange
02/15/2021
Commercial Bank of Dubai goes live on UAE KYC Blockchain Platform
UAE KYC Blockchain Platform is part of Dubai Economy's vision to enhance business competitiveness and accelerate the digital transformation of the UAE economy
02/15/2021
National Bank of Bahrain announces launch of ‘Joint Housing’ product with Eskan Bank
Upon signing the agreement with Eskan Bank, NBB will jointly mortgage the properties financed by both banks, offering attractive interest rates to applicants with loan tenors reaching up to 25 years.
02/12/2021
Saudi Central Bank to launch new 24/7 instant payments system
Other benefits would include improved transparency of payments between companies and individuals, and options for customers to carry out immediate transfers between accounts
02/12/2021
Qatar's 55% consumers willing to live more sustainably: Report
The report highlights, 76% of Qatar consumers are largely aware of climate change and how the issue negatively affects the environment.
02/12/2021
Commercial Bank enables payment through wearables
Commercial Bank’s newly launched service fulfills the bank’s promise of bringing payment solutions to match the evolving lifestyle of its customers; thus, becoming one of the first local banks to offer athletes and sports enthusiasts in Qatar
02/11/2021
Bank Muscat signs agreement with PDO to refinance its employee housing loan portfolio
The unique financing structure provides an efficient option for PDO to monetise the receivables of this portfolio to generate cash flow for operations and investments.
02/11/2021
S&P revises Saudi's SFG, NCB outlooks to positive on planned merger
Credit agency says merger could strengthen overall creditworthiness of new entity
02/11/2021
Al Salam Bank-Bahrain reports $2.8mln Q4 profit
Bank reported a 57% decrease in net profit attributable to shareholders amounting to $24.2mln
02/10/2021
Mashreq reports Dh1.3 billion net loss in 2020
Losses reflect lower operating income and higher risk charges.
02/10/2021
Dukhan Bank adds Fitbit Pay, Garmin Pay to D-Pay platform
These two services will surely enhance our customers’ experience by enabling them to perform contactless payments in a way that is seamless and safe, reflecting clearly the banks’ commitment to creating advanced payment methods that meet the c
02/10/2021
National Commercial Bank net profit rises 0.3% to $3.04bn for 2020
Total shareholders’ equity, excluding minority interest, rose by 16 percent YoY to SR 79.41 billion in 2020.
02/10/2021
FAB partners with Mastercard to enhance commercial payments for UAE businesses
Partnership aims to make commercial payments more seamless, secure and convenient
02/09/2021
UAE's biggest bank returns to debt markets for fifth time in 2021
Sources say First Abu Dhabi Bank has hired advisers to market a euro-denominated deal