Banque Saudi Fransi board recommends $127.9mln dividend
Banque Saudi Fransi said Tuesday its board of directors has recommended the distribution of 4 percent dividend to shareholders for…
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Bank of Israel encourages participation in hackathon on the use of ISO 20022 for x-border payments
The Bank of Israel’s Payment and Settlement Systems Department encourages payment system operators, banks, payment service providers, and fintech companies…
Qatar- Commercial Bank wins two major Euromoney awards
In its annual Private Banking and Wealth Management Survey, international magazine Euromoney has recognised Commercial Bank's continuous commitment to technology…
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,…
Arab Bank named the Middle East’s Best Trade Finance Provider 2021
Global Finance, the New York-based international publication, has recently granted Arab Bank the “Best Trade Finance Provider 2021 in the…
Shareholders approve new mega-bank – Saudi National Bank to launch on April 1
One of the biggest banking entities in the Middle East is being launched, with Saudi Arabia's National Commercial Bank (NCB)…
Abu Dhabi bank inks deal to acquire mortgages worth $300m
Abu Dhabi Commercial Bank has signed an agreement to acquire a portfolio of approximately 1,000 mortgages from Abu Dhabi Finance.…
Akbank Seeks Cheaper Foreign Borrowing in Test for Turkish Banks
Akbank T.A.S. is seeking to cut its foreign borrowing costs as it kicks off a wave of refinancing among Turkish…
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.…
ADCB Egypt prepares to launch package of digital services: CEO
The Abu Dhabi Commercial Bank – Egypt (ADCB) will soon complete final preparations for launching the second phase of internet…
UAE shoppers make good use of weekend gold price drop to below Dh200 a gram
UAE shoppers rushed to gold and jewellery stores over the weekend – and it’s a good thing they did as…
ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance
Abu Dhabi Commercial Bank has signed an agreement to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance.…