One hundred big banks could go, warns McKinsey
A fifth of the largest global banks coudA fifth of the largest global banks coud be broken up or bought…
Retail Banking
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Ajman Bank third quarter net profit drops by 45.6%
Ajman Bank’s net profit for the 2013 third quarter ending September 30 declined by 45.63 per cent to Dh13.7 million…
First Gulf Bank completes acquisition of Dubai First
Abu Dhabi’s First Gulf Bank has completed the formalities of its acquisition of Dubai First. This, the bank said in…
Wells Fargo Celebrates 15 Years of Service in Turkey
The Wells Fargo International Group, part of Wells Fargo & Company, is celebrating 15 years of serving its Global Financial…
Doha Bank extends Asia reach with Hong Kong office
Doha Bank inaugurated its Hong Kong representative office. The representative office was declared open by Miss Au King-chi, Permanent Secretary…
Ministry of Finance rates Egyptian banks
The Ministry of Finance announced in an official statement the names of the top five banks that trade treasury bills…
NBAD Eyes Emerging Markets For Growth – CEO
National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, expects revenue to…
Emirates NBD sees double digit growth for its retail banking business
Retail banking revenues in the UAE are growing at about 8 to 10 per cent this year Suvo Sarkar…
HSBC Bank Oman Q3 2013 net profit increases by 20.6%
HSBC Bank Oman S.A.O.G. announced a 20.6% growth in net profit to reach RO12.7m. Net interest income stood at RO36.0m…
BMI Bank posts USD 2.34 million net profit for the first nine months of 2013
Bahraini retail and commercial banking institution, BMI Bank today reported a net profit of USD 2.34 million (BD 0.88 million)…
Citi appoints Asian unit's Wadhwani to head EMEA consumer banking
Citigroup has appointed Anil Wadhwani, a veteran executive from its Asian business, to lead its consumer and commercial banking business…
Union National Bank 9-month profit down 1.8 pct
Operating profit for nine month period ended 30 September 2013 increased by 1.5% over prior period to reach AED 1,836…