COVID-19 impact: Qatari banks to see high provisioning costs in 2021
Coronavirus pressures will keep provisioning costs high for Qatari banks this year as loan quality worsens, despite resilient 2020 results,…
Financial Results
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Turkish banks’ net profits reach $594M in January
Turkey's banking sector registered a net profit of TL 4.3 billion ($594 million) in January, the banking watchdog revealed Monday.…
Saudi's Al Rajhi Bank board recommends $667mln dividend
The board of directors of Saudi Arabia’s second largest bank has recommended a dividend of SAR 2.5 billion ($667 million).…
SABB reports resilient Q4 results, net income up by 7%
The Saudi British Bank reported a net income of SR680 million ($181.3 million) for the three months ending Dec. 31,…
Saudi's Riyad Bank announces $399mln cash dividend
Saudi Arabia’s Riyad Bank is set to distribute 5 percent cash dividend to its shareholders, the lender said in a…
Islamic financing growth to outpace conventional lending in GCC, core Islamic markets in 2021
Despite difficult operating conditions in most countries amid pandemic-driven economic downturns, demand for Islamic financing assets (lending) across the core…
Saudi Industrial Services set to distribute 8% cash dividend
The board of Saudi Industrial Services Co. has recommended the distribution of 8 percent cash dividend to shareholders for the…
Housing & Development Bank logs profits of LE 2.06B in 2020
Housing & Development Bank’s consolidated profits lessened 7.37 percent during 2020, to LE 2.06 billion, down from LE 2.22 billion…
Total net income of Al Baraka banking group reaches US$166 million in 2020
Al Baraka Banking Group BSC which is traded at Bahrain Bourse and Nasdaq Dubai (under the trading code "BARKA"), has…
Commercial banks' total assets jump 8.55% year-on-year to QR1.69tn in January: QCB
The year 2021 has started off on a solid footing for Doha's commercial banks as their total assets expanded faster…
QFB’s performance improved in 2020: Chairman
Despite challenging market conditions Qatar First Bank (QFB) continued to exhibit strong growth momentum for the year ending December 31,…
Bank ABC Islamic announces 2020 year-end net profit to US$28.6 million
Bank ABC Islamic has announced its financial results for the year ending 31 December 2020. 2020 was a year…