The bank’s net profit surged by 9 per cent to reach $1.33bn (SAR5bn) in the three months to June 30
According to the bank, the product’s fixed-rate tenor offers home buyers a worry-free experience, free from any large final payment or unexpected changes in installments
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
One of the main sources of concern for the Qatari banking system has been the build-up of external debt
The central bank said banks’ gross credit increased by 0.1 per cent to Dhs1.89tn in April, driven by a 0.4 per cent growth in domestic credit
It is replaced it with a temporary committee of experts for six months
The CBUAE update showed a year-on-year growth of 15.2 per cent over the same period last year
The partnership will enable both organisations to pool their resources and capabilities to offer SMEs a more comprehensive suite of solutions and service
New customers who apply for a credit card through the bank’s app will also enjoy a host of benefits, including cashback up to Dhs1,000
Saudi banks stand to remain on a profitable path in 2023 with corporate lending continuing to drive credit growth in the sector
The state investor said the deal is in line with its strategy to create long-term value by optimising a global portfolio of investments
The bank will provide exclusive benefits to Khalifa Fund members in accordance with the agreement
The plan will see 5,000 UAE nationals employed in the banking and financial sector by 2026
RAKBANK reported a record total income of Dhs1.07bn for the first quarter
Emirates NBD also enjoyed a record quarter for income, which exceeded Dhs10bn for the first time ever
This partnership will help fast-track the account opening process for SMEs and deliver seamless banking services through the Wio Business app
The multi-currency facility, equivalent to around $2bn, includes three tranches amounting to EUR600m, $620m, and Dhs2,863m with a tenure of up to 2.5 years
In the early years of the digital era, building was the only option, but today the region is strewn with fintechs
The assets and liabilities of the parent companies of SVB UK are excluded from the transaction
First available in Kuwait, the multi-currency accounts will soon roll-out in phases to customers across the GCC
The 17th EFG Hermes One-on-One Conference is being held at Atlantis, The Palm in Dubai from March 6-9
More than half of FAB’s bond issuances in 2022 were in a ‘green’ format, with the bank aiming to further grow its range of sustainable offerings
The bank’s total income for 2022 was Dhs3.451bn, reflecting a 6.9 per cent YoY increase
Both entities will leverage their core competencies to drive economic growth, diversification and industrial transformation
Saving deposits increased during the first 11 months of 2022 by 1.98 per cent, compared to about Dhs241.82bn at the end of 2021
Technology integration in banking has exposed a whole new spectrum of capabilities that can be leveraged to improve performances by gaining an intricate understanding of operations
The fully digital financing process will make it easier for Tesla customers to apply for auto financing and improve their buying experience
The bank’s ownership in the Egyptian unit has risen to 52.607 per cent
The bank is tracking the development of banks and fintechs to ensure their readiness to launch open banking services in Q1 2023
The partnership equips Ajman Bank with the technology to accelerate its digital transformation and enrich its client offering by adding new payment services