07/30/2012
The UAE bank reported a net profit of Dh141.3 million for the first six month period ended June 30, 2012 as compared to Dh55.7 million reported during the corresponding period in 2011. As a three month period of second quarter of 2012, the bank also annou
07/29/2012
The merger between HSBC and Oman International Bank - previously the country's fifth-largest lender - was completed last month.
07/29/2012
"The new entity now has one of the largest branch networks in the Sultanate, and will serve the needs of retail, corporate and institutional customers. With the successful completion of this transaction, customers can now benefit from both HSBC Group
07/26/2012
Bank of Bahrain and Kuwait BSC plans to expand into India after obtaining licenses to open two branches with a target to add two more in the future, Alwasat reported, citing chief executive officer Murad Ali Murad.
07/26/2012
Emirates NBD, Dubai's biggest bank by market value, posted a 13 per cent drop in second-quarter earnings, its fourth consecutive quarterly drop. The earnings fell as costs increased and the lender made further provisions on state-linked debt.
07/25/2012
Bank Sohar has performed well in all key financial parameters. Net interest income jumped 19.51 per cent to RO20.009 million in the first half of this year, from RO16.742 million for the period ended June 30.
07/24/2012
Ahlibank SAOG, the recently voted No1 Best Bank and No1 Best Performing Company in the Sultanate has announced its un-audited results for the six months ended June 30, 2012
07/24/2012
Abu Dhabi Commercial Bank PJSC reported its financial results for the second quarter of 2012.
07/24/2012
As the operations and technology systems of two leading banking players, Oman International Bank and HSBC, gradually integrate to become one, customers will have access to a full range of award-winning retail banking and wealth management products and ser
07/24/2012
Growth in core businesses continue to strengthen the base for Bank's future
07/23/2012
New loan contracts to make life difficult for bank customers in the emirates
07/22/2012
The bank's ongoing strategic repositioning of its balance sheet led to a decline in provisions for bad loans by 45% to Dhs352m from Dhs637m reported during 1st half in 2011.
07/17/2012
Customer deposits also increased 26 per cent to RO 1.827 billion this year, from RO 1.455 billion during the first half of last year.
07/17/2012
. More bank leases currently under negotiation are set to bring the total space taken by banks to more than 18,000 square feet.
07/16/2012
The UAE Central Bank issued the new liquid assets ratio requirement on 12 July, and posted it on its website yesterday.
07/16/2012
Comprehensive income has increased from BD21.2m in June 2011 to BD32.6m in June 2012; mainly due to improvement in investments valuation reserves, as a result of management strategy to continuously improve and maintain the quality of the investment assets
07/16/2012
The lender made a net profit of 10.3 million rials in the three months to June 30, according to Reuters calculations based on a statement to the Muscat stock exchange on Monday, up from 9.1 million rials in the same period of 2011.
07/08/2012
In 2011, top 3 Lebanese banks managed to report decent balance sheet activity as highlighted by a respective 2.5%, 2.1% and 4.5% increase in assets, deposits and loans, despite a slowdown in the local economy and the political turmoil that impacted the M
07/05/2012
The MyBranch kiosk was developed by UAE Exchange in association with Euronet, a global provider of electronic payment and transaction processing solutions, and MBME, a supplier of kiosk-based payment systems, according to a company press release.
07/02/2012
Following the bottom-line growth rates of nine per cent and 16 per cent in 2010 and 2011 respectively, analysts at the Kuwait Finance House, or Markaz, expect GCC banks to record a surge of 21 per cent in 2012.