Samba Financial Group latest Saudi bank to report drop in profit as bad loans weigh
Samba Financial Group became the latest Saudi bank to report a drop in third quarter earnings, as the kingdom's thirdlargest…
Retail Banking
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Ahli Bank of Qatar profit broadly static in first nine months
Ahli Bank of Qatar has reported nine months net profit of QAR 503.4 million compared with net profit of QAR…
Kuwaiti lender NBK upbeat on rising demand for credit
National Bank of Kuwait is seeing higher demand for bank credit and an improvement in operating conditions, its chairman said…
Kuwait's NBK net profit soars in third quarter
National Bank of Kuwait, the emirate's largest lender, said on Monday its third quarter net profit rose 6.5 percent mainly…
QIB wins World’s Best Islamic Retail Bank award from Global Finance
Qatar Islamic Bank has been recently recognised by Global Finance as the ‘Best Islamic Retail Bank’ in the world for…
Qatar's Masraf Al Rayan meets estimates with 1.3 pct Q3 profit dip
Masraf Al Rayan, Qatar's second-largest bank by market value, reported a 1.3 percent fall in third-quarter net profit on Monday,…
Ex-Credit Suisse hedge fund banking boss joins RBC
A seasoned banker, who has spent the past five years of a more than two-decade career at Credit Suisse advising…
Retail banking faces pressure from slowing economy
The economic slowdown following the prolonged decline oil prices is exerting pressure on retail banking business in the country and…
Oman's Bank Dhofar says ends talks on proposed Bank Sohar merger
Oman's Bank Dhofar BDOF.OM has ended merger negotiations with smaller rival Bank Sohar BKSB.OM after the two sides were unable…
Saudi Oger seeking buyers for $1 billion Arab Bank stake – sources
Saudi Oger has begun talks with potential buyers for its 20.93 percent stake in Arab Bank ARBK.AM in a deal…
National Commercial Bank third-quarter profit falls short of forecast
National Commercial Bank, Saudi Arabia’s biggest publicly traded bank, says its third-quarter net profit fell by 1.6 per cent, missing…
National Bank of Kuwait Q3 net profit rises 6.4 pct
National Bank of Kuwait, the Gulf Arab state's largest commercial lender, reported a 6.4 percent rise in third quarter net…