IFC to acquire strategic equity stake in Bank Alfalah
Bank Alfalah Limited and International Finance Corporation (IFC) on Thursday announced that both parties have signed definitive agreements for IFC's…
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Bank Asya Reduces Staff as Turkish Political Feud Hits Deposits
Asya Katilim Bankasi AS, the lender embroiled in a feud between Turkey’s president and a Muslim cleric accused of trying…
First Gulf Bank Sees More Than 10% Profit Growth, Arqaam Says
First Gulf Bank PJSC (FGB), the United Arab Emirates’ third-biggest bank, expects its profit to rise by more than 10…
Banque de l'Habitat selects Capital Banking Solutions core-banking system
Capital Banking Solutions has announced that Banque de l'Habitat - Lebanon has selected CapitalBanker as its core banking system to…
Commercial Bank of Kuwait appoints Mahfouz as CEO
Kuwait's Central Bank has approved the appointment of Elham Yousri Mahfouz as chief executive officer of Commercial Bank of Kuwait,…
DenizBank is Named the Most Innovative Bank of the Year
DenizBank was bestowed with the "Most Innovative Bank of the Year" award at 2014 BAI Banking Innovation Awards, granted by…
UAE banks record faster growth rates
Banks in the UAE recorded stronger growth rates in lending, deposits and assets in the first nine months of 2014…
Turkish Bank’s Star Fades Amid Political Spat
Twelve months ago, Asya Katilim Bankasi AS was riding high. A rapidly-growing Turkish bank with powerful friends in government, it…
Are COOs in the Middle East ready to adapt to the changing Operational challenges
The 10th Annual OPEX kicks off in Dubai, UAE. The most awaited COO event of the year - 10th…
United Arab Bank signs agreement with Nationals' Defaulted Debts Settlement Fund
United Arab Bank the fastest growing bank in the UAE, has signed an agreement with the Nationals' Defaulted Debts Settlement…
Burgan Bank Group comments on Bank of Baghdad announcement of appointing Mr. Faisal Al Haimus as Chief Executive Officer
Burgan Bank Group, the regional commercial bank and the second largest commercial bank by Assets in Kuwait where it is…
NBK-Egypt reports EGP 273.5 million in net profits in the nine-month 2014, up 5.6 per cent y-o-y
As of end of September 2014, NBK-Egypt total assets increased by 29.4 per cent y-o-y to EGP 22.9 billion. Customers’…