05/04/2020
RAKBank reports Dh153.5m first quarter 2020 net profit
Additional provisions to combat impact of COVID-19 resulted in Q1 profit decline
Retail Banking
05/04/2020
Egyptian bank enters region through Kenya
The Egyptian lender focuses on individuals, small and medium enterprises (SMEs), institutions and corporates.
05/01/2020
COVID-19: UAE's ADIB bids on digital to drive Islamic trade finance
"We are now executing more Islamic trade finance transactions through our digital platform"
04/30/2020
NBF reports Dh75 million first quarter 2020 net profit
Spike in provisions resulted in year on year decline in net profits in Q1
04/30/2020
National Bank of Fujairah PJSC - Q1 2020 Results
NBF recorded an operating profit growth of 3.7% quarter-on-quarter and 2.9% year-on-year reaching AED 293.3 million enabling the bank to secure prudent impairment provisions in the face of the unprecedented operating environment
04/29/2020
COVID-19 impact: UAE bank profits come under pressure
Lower loan yields, higher provisions and difficult environment hurt profitability
04/29/2020
Mashreq launches initiative to bring in #PositiveChange this Ramadan
A movement to raise awareness, support local businesses and individuals, and engage the wider community
04/28/2020
Al Salam Bank-Bahrain successfully exits USD 182.5 million US Multifamily Portfolio
2,032-unit portfolio of multifamily communities located in North Carolina and Texas
04/28/2020
QDB selects five competition winners to develop innovative solutions to tackle coronavirus
The initiative was supervised by experts and consultants from the various partner organisations, who provided all types of guidance to develop the ideas of the teams participating in the initiative, so that the best five ideas are finally chosen by a spec
04/28/2020
FAB reports Dh2.4b net profit in first quarter 2020
Lower interest rates and higher provisions result in year on year decline in Q1 profits
04/28/2020
First Abu Dhabi Bank's profit hit by impairment charges
With its strong balance sheet and capital position, First Abu Dhabi Bank (FAB) can "fully support customers and help to mitigate the wider economic impact by playing an integral role in the government’s targeted relief measures," Chairman
04/27/2020
Peter Kenneth Sells Bank to Ksh2.5 Trillion Egyptian Firm
MBL is categorised as a small bank with 0.17 per cent market share as of February 2020, however, targeting high net worth persons and corporate institutions.
04/27/2020
Qatar banks post more than 9% jump in total assets in March: QCB
Total credit of the commercial banks grew more than 12% to QR1.09tn at the end of review period.
04/27/2020
KFH says no new updates regarding Bahrain’s Ahli United acquisition
Kuwait's ministry of finance has reportedly asked the country's sovereign wealth fund to look into the merger’s feasibility
04/24/2020
Al Khaliji posts net profit of QR177mn in Q1
The bank's non-performing loans stood at 1.84% compared to 1.93% in the previous year period.
04/24/2020
Kuwait banking association head says 25% of bank branches will open on Sunday
He was speaking at an online news conference.
04/24/2020
Masraf Al Rayan posts QR547mn net profit in Q1
Total assets reached QR109bn in the first quarter
04/23/2020
Doha Bank Q1 net profit surges 5% to QR324mn
Customer deposits were up about 1% to QR54.8bn, reflecting the strong liquidity of the lender.
04/23/2020
Dubai’s CBD reports weaker first quarter profit on higher provisions
Net profit for the reporting period declined to Dh315m as the lender expects potentially greater loan losses during Covid-19 pandemic
04/22/2020
Dubai’s Emirates NBD posts 24% fall in net profit for Q1 2020
Total income for the first quarter at Dh6.88bn remains fairly unchanged from Dh6.87bn in the preceding quarter.