Bank Sohar Launches Excel Visa Signature Credit Card
Bank Sohar has launched its all-new Excel Visa Signature Credit Card. It is a premier card and positioned alongside…
Retail Banking
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HSBC's Turkey Unit Sees Return to Profit After Restructuring
HSBC Holdings Plc’s Turkish unit is aiming to post a profit this year after the parent company scrapped plans for…
Merged U.A.E. Banking Giant Seen Earning Bigger MSCI Weighting
A mega-merger of the two biggest banks in the United Arab Emirates should leave the combined company with a larger…
Al Khaliji hosts seminar on global investment opportunities
Al Khalij Commercial Bank recently hosted a seminar on international investment opportunities across a number of asset classes, including real…
Major French banks financing Israeli settlements
Four major French banks and one big insurer are financing Israeli settlement units in occupied Palestinian territories through links to…
Bank Hapoalim Announces 2016 Financial Results
Net Profit totaled NIS 2,628 million with ROE of 7.7% Excluding exceptional items, Net Profit would have totaled NIS 3,427 million…
FGB shares to be delisted on Thursday ahead of merger with NBAD
The Abu Dhabi lender FGB will have its shares delisted from the stock exchange today ahead of its merger with…
GCC Banks’ revenue growth rate dived to low single-digit and profits shrunk in 2016
The impact of the decline in oil prices has hit the banking industry. Due to a severe increase in…
Santander Brasil slumps as Qatar fund seeks partial exit
Shares in Banco Santander Brasil SA fell the most in intraday trading in almost four months on Tuesday after Qatar's…
Ezz Al-Arab named chairperson of FEB for three more years
The board of directors of the Federation of Egyptian Banks chose Hisham Ezz Al-Arab for the chairmanship of the federation…
Discount Bank 2016 profit up 21% to NIS 961m
Israel Discount Bank reported a net profit of NIS 905 million for 2016 today, 21% more than in 2015. …
Commercial Bank’s long-term foreign currency and financial strength ratings lowered
The downward revision in the FSR is due to weakening asset quality, tight liquidity metrics, albeit that some are better…