"Streamlining needed to close gap with Hapoalim"
Bank Leumi CEO Rakefet Russak-Aminoach: The plan is being implemented together with the bank's workers committee. We've lagged in streamlining…
Financial Results
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Rakbank Q3 net profit jumps 14.5pc
UAE-based National Bank of Ras Al-Khaimah (Rakbank) said it has registered a net profit of Dh1.04 billion ($283 million) for…
Emirates NBD profit bounces back on lower provisions
Emirates NBD, the leading bank in the region, announced its results for the nine months ended 30 September 2012. Results…
Credit Suisse, UBS could cut a total 7,000 jobs
UBS is to cut 3,000-5,000 jobs as part of cost-saving measures to offset falling profit, while rival Swiss bank Credit…
Arab Bank Group ups net profit by 13% in 9 months
Arab Bank Group announced Sunday in a press statement that its net profit increased by 13 per cent during the…
UAE's First Gulf Bank Q3 net profit rises 15 pct
First Gulf Bank , the second-largest lender by market value in the United Arab Emirates, posted a 15-percent rise in…
Audi Bank nine-month net profit up 14%
The Lebanese economy has reported a sluggish performance in the first nine months of 2012 though it continued to avoid…
Jordan Islamic Bank reports increased profits
the financial statements of Jordan Islamic Bank (JIB) indicated a continuation in profits' growth till 30/9/2012. The Bank's net profits…
United Arab Bank announces record profits
UAB has announced a record net profit of Dhs298m for the nine months ended 30 September 2012, an increase…
CBD's third quarter net profit increased by 4.5%
CBD has reported operating profit of Dhs982m for the first nine months of 2012, an increase of 0.8% compared…
NCB’s net income climbs 12.7% in 9 months of 2012
National Commercial Bank (NCB) posted a 12.7 percent increase in net income for the first nine months of 2012 at…
Banks Temper Job Cutting After Surge in 2011 Reductions: Table
The world’s largest banks are slowing the rate of large-scale job cuts after eliminations surged 14 months ago, when Europe’s…