United Arab Bank winds down SME unit after surge of UAE debtors
United Arab Bank, hard hit by a surge in debt defaults among small business owners in the UAE, is winding…
Retail Banking
8798 articles found
ABK ‘One Tap Touch ID’ now live – Mobile banking made simpler with latest upgrade
As part of ABK’s strategy to make banking ‘simpler’ for customers, the Bank today announced the latest upgrade to its…
Arab Israel Bank CEO resigns after Leumi merger
Meanwhile, an ongoing Bank Leumi inquiry is investigating allegations of money laundering against Danny Gitter. Arab Israel Bank CEO…
Lower revenues, higher provisions hit National Bank of Abu Dhabi profits
National Bank of Abu Dhabi , the United Arab Emirates's largest lender by assets, reported a 24.5 percent drop in…
Sharjah Islamic Bank net profit rises by 9% and proposes 10 % cash dividend
Sharjah Islamic Bank achieved good results with a net profit of AED 409.9 million in 2015 compared to AED 377.2…
Bank Muscat Board proposes dividend for 2015
In addition, five per cent dividend in the form of bonus shares has been proposed. The bank has retained…
KIB reports KD 16.1 mln net profits for 2015
The Kuwait International Bank has reported net profits of KD 16.1 million for the year 2015, compared to KD 13.7…
UK Considers Allowing Iranian Banks to Resume Business in London
British regulators are considering whether to allow two Iranian banks in London to resume operations after years of sanctions, two…
NBF Capital recognised as “Best Customer Experience Team”
National Bank of Fujairah (NBF) PJSC announced today that its subsidiary, NBF Capital Limited, has won the accolade for “Best…
Mashreq declares Dh2.4b full year net profit
Mashreq on Wednesday reported Dh2.4 billion net profit for 2015, maintaining it at the same level as in 2014. …
Turkish Islamic banks’ loan growth to remain above average: Fitch
Fitch Ratings said it expects Turkish Islamic banks’ loan growth to remain above the sector average, supported by new…
UAB reports Dh166m net loss in 2015
United Arab Bank reported a net loss of Dh166 million for the full year 2015 compared to a net profit…