09/07/2020
FAB may restart talks on Bank Audi's Egypt unit
The initial round of discussions were put on hold in May by the two sides citing difficult market conditions
Retail Banking
09/07/2020
Zahrat Al Waha extends loan agreement with Alinma Bank
The loan term starts on 3 September 2020 and ends on 30 June 2021
09/07/2020
Qatari banks’ return on common belongings improves in 2019: QCB
Curiosity revenue, which holds greater than 86% of the whole revenue grew by 11.6%, whereas revenue from charges and commissions additionally elevated on the similar magnitude.
09/06/2020
17 banks in Egypt report total EGP 18.565bn net profits in H1 2020
Fear of COVID-19 repercussions, increase in provisions for doubtful loans put pressure on banks' balance sheets
09/06/2020
Barwa Bank Group’s net profit rises by 12.5% in second quarter
Barwa Bank Group remains steadfast on its mission to strengthen its position in Qatar’s financial sector.
09/04/2020
Turkish banks see 38% rise in net profits at end of June
The ratio of nonperforming loans to total cash loans, the lower the better, stood at 4.25% in the same period, versus 4.57% a year ago.
09/04/2020
Ahli Bank successfully completes new 5-year bond transaction raising $500m
He added that Ahlibank has created a successful benchmark in the international debt capital markets with the support from its Joint Bookrunner banks; Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank.
09/03/2020
Boubyan Bank launches the first NFC-enabled vertical metal credit card
Celebrating Its 15th Anniversary
09/03/2020
QNB rolls out ‘Awesome Double Rewards’ offer
The offer aligns with Qatar’s gradual lifting of the Covid-19 restrictions, as the bank is committed to continue presenting exclusive offers for its customers, while providing safe, secure, and fast payment solutions.
09/03/2020
Natwest Markets, Banco Santander sell Saudi British Bank shares -term sheet
Citigroup and Goldman Sachs are handling the share sale
09/03/2020
Emirates Digital Wallet’s digital cash platform imminent nationwide launch
UAE’s Digital Cash Platform enters its final round of testing
09/03/2020
Saudi bank assets, customer deposits jump despite COVID-19
Relief measures for lenders also help stem decline in net profitability
09/03/2020
First Abu Dhabi Bank to begin talks with Israeli banks
More financial institutions looking at partnership opportunities
09/02/2020
Bank Muscat offers special home insurance plans from AXA Insurance
These plans, which can be easily purchased online, offer excellent protection against unexpected loss or damage to property and personal belongings.
09/01/2020
Abu Dhabi Commercial Bank launches in Egypt
The bank has a clearly defined strategy to manage these risks, and to attract, develop and retain the best available talent from employees and motivate them to achieve the highest levels of performance in line with the bank’s strategic objectives.
09/01/2020
Dubai banks see 5% higher assets in H1-20
The assets of Dubai's lenders grew by 11% in June 2020
09/01/2020
First Abu Dhabi Bank plans to issue perpetual bonds as soon as September - sources
One of the sources said FAB, the largest bank in the United Arab Emirates, will likely issue $750mln in AT1 bonds
09/01/2020
Ahlibank offers medium-term bonds worth $2bn
A five-year fixed rate USD Regulation-S senior unsecured offering will follow as early as Tuesday, subject to market conditions, according to a statement posted on the Qatar Stock Exchange website.
08/28/2020
Bank Leumi, UAE bank, negotiating partnership amid normalization
Shmulik Arbel, an executive at Bank Leumi, said the collaboration might influence other countries to follow suit on normalization.
08/28/2020
Bank Muscat holds its monthly draw for Asalah, Al Jawhar customers
The first part of the draw for July saw 35 lucky winners take home high-value prizes