04/01/2020
ADCB exposure to NMC Health could top $1b
UAE’s largest healthcare operator has combined debts of $6.6b
Retail Banking
04/01/2020
NBB continues to implement measures to safeguard well-being of its employees and support individual customers
NBB has also enabled remote access to operational personnel currently working from home.
03/31/2020
Abu Dhabi bank ADCB says no layoffs in 2020 due to Covid-19 impact
The lender, the third largest in the UAE, is also participating in a package of financial incentives
03/31/2020
Turkey doubles guarantees on loans to spur credit
The new regulation was followed by a joint statement from three government-held banks that emergency loans will be extended to families with a monthly income of 5,000 liras or less.
03/30/2020
Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019
The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018
03/30/2020
BankDhofar contributes OMR 1 Million towards combating COVID-19
Earlier, BankDhofar had worked with the Ministry of Health to open a bank account dedicated to support the cause, encouraging customers and the general public to donate and contribute to fighting the spread of the disease
03/30/2020
Ajman Bank says it will not lay off any of its employees in 2020
The move comes despite the economic impact of the Covid-19 pandemic
03/30/2020
Qatar- QIB launches mPay digital wallet on its award-winning mobile app
With a loaded mPay digital wallet, customers can make instant transfers to other wallets within QIB, or the wallets of customers at other banks that are registered on mPay, by simply entering the beneficiary mobile number from their phone ‘Contact L
03/27/2020
The UAE's 2 biggest banks are seeking opportunities abroad — here is why
"There are limitations to how fast you can grow organically in overseas markets," he said.
03/27/2020
Abu Dhabi banks offer loan and financial relief amid virus outbreak
Abu Dhabi's stimulus package includes offering refinancing, loan repayment deferrals or lower repayments where required.
03/27/2020
Mashreq launches banking benefits package for UAE customers to ease financial impact of COVID-19 outbreak
Stimulus package available to existing and new customers from April 1 to June 30
03/26/2020
KFH-Bahrain defers payment of installments without charges for six months
To all Bahraini and resident clients with no exception to ease their financial burden
03/25/2020
RAKBank to support coronavirus affected customers
The bank offers a range of relief meausres to customers amid Covid-19 pandemic
03/25/2020
NBB implements initiatives designed to support its individual customers
Following the directives of the wise leadership
03/25/2020
Ithmaar Bank announces revised branch and office timings
The Bank, which was already following all MOH recommended sanitation protocols, has also started limiting the number of customers present in a branch at any given time and providing appropriate waiting arrangements to ensure customers are seated at least
03/25/2020
BBK to distribute $135m cash dividends for 2019
The BBK general assembly also approved the minutes of the ordinary general assembly meeting held last year in June.
03/24/2020
Non-resident deposits in commercial banks post faster expansion: QCB
Non-resident deposits have been increasing especially from February 2019 when it stood at QR170.59bn, after which it was constantly on the increase for the next four months.
03/23/2020
Ajman Bank offers set of initiatives to support UAE’s Economy
The initiatives also included exempting all customers who applied for new financing products "auto finance, personal finance, or home finance" from fees by 50% in addition to withdrawing from ATMs and credit cards.
03/20/2020
OAB launches first-of-its-kind Innovation Lab in Oman
The Innovation Lab will host a myriad of opportunities by providing access to one-to-one mentoring, specialised workshops, and industry experts for local students, OAB staff and local, regional, and international Fintech companies.
03/20/2020
Bank of Bahrain and Kuwait launches bulk deposit machines
The bank has started to issue the cards to enable clients to use the corporate deposit machines