Dubai's Mashreq expects wholesale ops to outgrow market in 2016
Mashreq, Dubai's third-biggest bank by assets, expects its wholesale operations to grow 25 to 30 percent above the market in…
Retail Banking
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Axis Bank strengthens Remittance offering in GCC, Plans to grow aggressively in fiscal 2016-17
Axis Bank, the third largest private sector bank in India, today announced its ambitious plans to further strengthen its Remittance…
Barclays names Nataf banking head of Eastern Europe, Middle East
Barclays Plc has appointed David Nataf as its new banking head for Central and Eastern Europe, the Middle East and…
UAE money exchangers raise sector growth worries with central bank
Money exchange houses in the United Arab Emirates are holding talks with the central bank about planned new capital requirements,…
Barwa Bank wins ‘Best Retail Bank for 2015’ award from CPI Financial
Barwa Bank has celebrated its recognition by CPI Financial as the “Best Retail Bank for 2015” in a ceremony held…
Saudi Arabia looks to ease tightening liquidity in banking system
Seeking to ease tightening liquidity in the banking system, Saudi Arabia's central bank has raised the ratio of deposits which…
UAE banks to use Emirates ID cards to access credit history
Lenders will be able to check borrowers’ credit history via their Emirates ID cards, it has been revealed. National…
Faisal Islamic Bank's volume of business surges 7.4% in January
Faisal Islamic Bank of Egypt's volume of business has increased by 7.4 percent to register EGP 56.141 billion(US$7billion) at the…
Emirates NBD posts $1.9bn profit for 2015
UAE-based Emirates NBD, a leading bank in the region, has posted a net profit of Dh7.1 billion ($1.93 billion) for…
UAE lender ADIB says Q4 profit up 16.6 pct, raises dividend
Abu Dhabi Islamic Bank on Sunday posted a 16.6 percent rise in fourth-quarter net profit, and marginally increased its dividend…
Amlak Finance reports Dh139m profit for 2015
Amlak Finance has reported a profit of Dh139 million for 2015, compared with a loss of Dh85.5m for the previous…
Gulf Bank named as ‘Best Cash Management Provider in Kuwait’
Gulf Bank has announced that it has been named ‘Best Cash Management Provider in Kuwait’ by Global Finance magazine. …