07/19/2018
Commercial Bank records QR855m net profit for first quarter
This quarter, the Bank continues to position itself to show significant improved bottom line performance in coming years
Retail Banking
07/19/2018
NBB profits rise 15.9pc to $97.85m in H1
On behalf of the board, I’m delighted to report NBB’s continued growth and enhanced performance for the second quarter of 2018
07/18/2018
Saudi’s Riyad Bank posts 25% second quarter profit rise
Bank made 1.06b riyals in the three months to June 30, up from 848m a year earlier, it said in a bourse filing
07/18/2018
NBF posts Dh310.2m first half net profits
Loans and advances and Islamic financing rose 8.2% in the period
07/18/2018
Doha Bank wins ‘Best Arab Customers Services’ title
The award, presented by Wissam Fattouh, Secretary General, World Union of Arab Bankers, was received on behalf of Doha Bank by Sheikh Mohamed bin Fahad Al Thani, Acting Chief Human Resources Officer.
07/18/2018
Saudi grants banking licence to Commercial Bank of Iraq
The lender will be allowed to open one branch in the kingdom
07/17/2018
Kuwait Bank Seeks Talks to Create Islamic Lender With $92 Billion in Assets
Approach comes six months after deal talks ended over price
07/17/2018
Indian banker found dead after missing for a week in UAE
The cause of death will be known following a forensic test
07/16/2018
Bank Muscat Launches Management Development Programme by Insead Business School
The programme was formally launched in a ceremony attended by Shaikh Waleed al Hashar, deputy chief executive officer, and management team members.
07/16/2018
Bank Muscat's H1 Net Profit Rise 6.4% To RO90MN
Non-interest income increased 4.9 per cent to RO71.95mn for the first six months in 2018 as compared to RO68.57mn in 2017, according to a press release issued by Bank Muscat.
07/15/2018
HSBC, Credit Suisse to advise on Kuwait's KFH, Bahrain's AUB merger talks
A merger between Bahrain's largest bank and Kuwait's biggest Islamic lender would be the first cross-border tie-up
07/12/2018
Qatar National Bank second-quarter net profit rises 5.7%
The bank made a net profit of QAR3.7billion ($1.02billion) in the three months to June 30
07/12/2018
Portugal’s Novo Banco completes sale of controlling stake in Cabo Verde bank
This was the second attempt to divest the Cape Verdean bank after having failed to sell to a group of investors led by Portuguese businessman José Veiga in 2016.
07/10/2018
NBK reports net profits for 1H 2018
12.9% year-on-year growth.
07/02/2018
Palestine's The National Bank introduces the First Digital Service Center in the Middle East
The system allows multi agents to use the same social platforms to answer inquiries
06/21/2018
Barwa Bank and International Bank of Qatar in advanced merger talks
Barwa Bank and International Bank of Qatar were not immediately available to comment.
06/18/2018
UAE to give ethiopia usd3 billion in aid and investments
The UAE will deposit $1 billion in Ethiopia’s central bank to ease a severe foreign currency shortage, government spokesman Ahmed Shide said.
06/15/2018
Masraf Al Rayan, Barwa Bank, IBQ call off merger plan
Masraf Al Rayan is a listed entity, while Barwa Bank and IBQ are not listed
06/14/2018
National Bank of Fujairah to tap debt programme to fund growth
NBF received approval from shareholders in March to convert the Dh500m additional tier 1 capital notes into ordinary shares at Dh2.85 per note.
06/12/2018
Ithmaar Bank unit on growth path
Ithmaar Bank owns 66.