GCC banking provisions reached record highs of $20bln last year – Kamco Invest
The COVID-19 pandemic had a deep impact on the GCC banking sector resulting in record provisions being booked for fiscal…
Retail Banking
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NBO announced a new head of asset management
National Bank of Oman has announced the appointment of Abdullah Al Jabri as its new Head of Asset Quality Management. …
Saudi Islamic Banks' Asset Quality Prone to Deterioration; Strong Capital and Liquidity
Saudi Islamic banks' asset quality will weaken as government forbearance measures expire, Fitch Ratings says, although possibly by less than…
Al Salam Bank opens its flagship branch in Hidd
Al Salam Bank recently announced the opening of its new flagship branch in Hidd, Muharraq. The new branch will offer…
Emirates NBD reports steep increase in contactless payments
As consumers and merchants have increasingly preferred to use touch-free technologies to stay safe during the Covid-19 outbreak, Emirates NBD,…
Egypt's central bank celebrates winners of “FinYology – FinTech for Youth” Initiative
FinTech Egypt –an affiliate of the Central Bank of Egypt- organized a virtual closing ceremony to celebrate the awarded university…
ahlibank approves cash dividend of 5 baisas per shar
ahlibank held its Annual Ordinary General Meeting on Thursday (March 25, 2021) via the electronic platform for general meetings on…
Additional Financing for "Mazaya" applicants from BBK
BBK has continues to present its customers with the best financing offers, the latest being a special offer for Mazaya…
NBB announces partnership with Comarch for its digital customer loyalty platform
In line with its vision for continued digital development and innovation, the National Bank of Bahrain has announced its partnership…
S&P affirms ratings on top UAE banks, revises outlook to stable
S&P Global Ratings on Tuesday affirmed its ratings on First Abu Dhabi Bank (FAB), Abu Dhabi Commercial Bank (ADCB), Sharjah…
Erdogan fires central bank deputy governor
Turkish President Recep Tayyip Erdogan has dismissed the deputy governor of the central bank, only days after its head was…
Dubai's Emirates NBD is said to raise Gulf's first sustainable loan
Sustainability-linked loans tie deal spreads to borrowers' performance in environmental, social and governance goals that can be measured by key…