Saudi Samba Q3 profit up 9 pct as operating income rises
Samba Financial Group, Saudi Arabia's third-largest bank by assets, posted a 9.4 percent rise in third-quarter net profit on Tuesday,…
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ABG and Five Subsidiary Banking Units Receive International Awards
The Bahrain based leading Islamic banking group Al Baraka Banking Group B.S.C. (ABG) and five of its subsidiary banking units…
SABB profit up 17.8% for nine months
The Saudi British Bank has reported a net profit of SR3,297 million for the nine months ended Sept. 30, an…
Kuwait's Burgan Bank says plans 21.6 mln dinar rights issue
Burgan Bank , Kuwait's third-largest lender by assets, will launch a 21.6 million dinars rights issue by the end of…
National banks differ on standalone risk profiles
Despite common characteristics and strong financial fundamentals, top three Gulf national banks such as Qatar National Bank National Bank of…
Top three GCC national banks gain in profitability and asset quality
Gulf region’s top three national banks — Qatar National Bank (QNB) National Bank of Abu Dhabi (NBAD); and National Bank…
BBK launches new product for NRIs
BBK has announced the launch of its new and improved mortgage loan product for the benefit of Non-Resident Indians through…
Saudi Credit Bureau banks on sophisticated mechanisms
The Saudi Credit Bureau (SIMAH) is playing a crucial role in bringing down the value of bouncing checks in the…
Bank Muscat's nine-month net profit increases by 24 per cent
Bank Muscat, the largest financial institution in the Sultanate, posted a net profit of OMR126.73 million for the nine months…
Commercial Bank of Dubai enables customers to make transactions through Facebook
The Commercial Bank of Dubai has launched a Facebook initiatve which enables UAE residents to make bank transactions from their…
Citigroup to continue Egypt operations
Citigroup on announced that it intends to exit its consumer businesses in 11 markets. However the bank clarified that it…
NBK awarded ‘Best SME Credit Card Programme’ in Middle East & Africa by MasterCard
National Bank of Kuwait (NBK) has been awarded the 'Best SME Credit Card Programme' in Middle East and Africa by…