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Retail Banking

03/12/2021

Israel's Bank Hapoalim moves to fourth quarter profit, sees economic uncertainty

Net interest income dipped to 2.24 billion shekels from 2.29 billion a year earlier, while it had income for credit losses of 187 million shekels after 876 million of provisions for loan losses in the final three months of 2019.

03/11/2021

UAE banks provide $1.74bln in retail loans in Q4 202

Retail loans grew by 6.5% from September the same year

03/11/2021

Why UAE banks are in no rush towards consolidation

Currently there are 21 local banks in the UAE and 27 full commercial foreign banks, serving a population of roughly 9.4 million people.

03/11/2021

HSBC to phase out coal funding on shareholder pressure

‘HSBC today announces it will propose a special resolution on climate change’

03/11/2021

Hapoalim net profit up 14% in 2020

As of the end of 2020, deferred loans and mortgages amounted to NIS 42.5 billion but by the end of January 2021

03/10/2021

Alawwal Bank, SABB merger targeted to complete on March 14

Alawwal Bank’s accounts and services will be transferred to the two banks’ enhanced, single banking proposition

03/10/2021

Abu Dhabi Commercial Bank -- Moody's - Large UAE banks see sharp but manageable drop in profits for 2020, driven by low rates and rising provisions

Aggregate provisions surged by 72%, mainly driven by higher problem loans and anticipation of higher loan losses ahead.

03/10/2021

Emirates NBD integrates website with UAE PASS for seamless digital account opening

Users will now be able to log in with their UAE PASS credentials when signing up for a new Emirates NBD account and forms will be automatically completed with their details along with auto-uploading of documents, thus saving time and effort.

03/09/2021

Still much needs doing to digitally connect 2 billion of world's unbanked

Digital and fintech can smooth out processes to deliver cash to the truly needy

03/09/2021

MID Bank launches new brand in Egyptian market

Bank boasts integrated strategy to develop various business sectors, grow and support financial position, whilst maximising profits, says Amr El-Garhy

03/09/2021

Al Salam Bank Bahrain wins JP Morgan quality award 2020

The award was presented to Al Salam Bank - Bahrain Group CEO Rafik Nayed by the Vice Chairman of Wholesale Payments & Senior Country Officer at JP Morgan Ali Moosa.

03/09/2021

Top 10 UAE banks’ profits shrunk 40% in 2020: A&M

Less volatile year seen, but with potential spike in provisions in second-half

03/09/2021

Bahrain bank waives loan fees for customers having had COVID-19 vaccine

Al Salam Bank is also offering a range of financial services, such as those related to the Mazaya social housing program

03/09/2021

Bank of Bahrain and Kuwait B S C : Unique Financial Mall Offering 24/7 Services

Developing innovative digital banking solutions to meet the needs of our customers based on an in-depth understanding of their requirements and a continuous focus on providing advanced banking services.

03/09/2021

Turkey's non-state banks have the edge in 2021 amid lira volatility, high rates

Turkey is an attractive market for several large European and Middle East lenders

03/09/2021

First Abu Dhabi Bank’s Acquisition of Bank Audi Sae

Dechert LLP advised Bank Audi sal on the deal.

03/08/2021

UAE's first independent digital banking platform launches

YAP do not have physical branches, does not offer traditional banking services like loans and mortgages, but offers spending and budgeting analytics

03/08/2021

Qatari banks defy pandemic's impact on 2020 earnings

Net profit resilient despite higher provisioning charges and pressure on asset yields

03/08/2021

Starling Bank Attains Unicorn Status With Latest $373 Million Share Sale

Sky News quoted unidentified sources as having said Starling's leadership wants to use the new capital to expand the bank beyond the British Isles into Continental Europe.

03/08/2021

Dukhan Bank announces its 2020 financial results

Net operating profits record QAR 1 billion with a growth rate of 33%

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