Turkish banks taking losses on mortgages after rate pressure
Turkey’s banks are issuing mortgages at a loss as the government prioritises revival of the housing market to spur growth.…
Retail Banking
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Gulf Bank wins VIP customer service award
Gulf Bank, a top bank in the region, was recently honoured with the ‘Excellence in VIP Customer Service’ Award from…
Al Hilal Bank appoints chief executive
Abu Dhabi-based Al Hilal Bank has appointed Alex Coelho as its new chief executive, the Islamic bank, which operates in…
Cardtek partners Emcredit on mobile wallet for UAE residents
Cardtek, a leading international payment solutions provider, has announced its partnership with Emcredit, a subsidiary of the Dubai Economic Department…
Merged NBAD, FGB bank gets new name – First Abu Dhabi Bank
The new bank created after the merger of Abu Dhabi’s biggest lenders – National Bank of Abu Dhabi and First…
First Abu Dhabi Bank to attract more investors to bourse
The start of share trading on First Abu Dhabi Bank is expected to attract more investors to the Abu Dhabi…
Doha Bank wins Most Innovative Bank in the Middle East award
Doha Bank was honoured with the ‘Most Innovative Bank in the Middle East' award during the ‘Emea Finance Middle…
Central Bank Announces Development Funds to Kick-Start Economy
The Central Bank of Jordan plans to set up a series of multi-million dinar development funds designed to stimulate the…
Saudi's Samba Financial Group says technical glitch fixed after disruption
Samba Financial Group , Saudi Arabia's third largest bank, told its customers late on Saturday that technical problems disrupting its…
Blom Egypt for Financial Investments starts its activities in May
Metwally said that the bank completed the establishment procedures of this company and obtained all licence statements. He also…
UAE's FGB bank customers can now withdraw money from NBAD's ATMs at 'no cost'
Abu Dhabi-based First Gulf Bank has announced that its customers can now use National Bank of Abu Dhabi's automatic teller…
Gulf Arab bank profits fall
Profits in GCC banks have declined by 3.2 per cent for the first time since 2008, with the revenue figure…