Plans for potential mergers between banks in the Gulf have increased in the past two or three years after more moderate levels of oil prices hit state revenue, pushed up bad loans and squeezed bank profit margins.
Boubyan Bank added a new achievement to its global awards by receiving the Best Islamic Digital Bank Award, globally, for the fourth year in a row
“The most significant aspect about this achievement is that it places Boubyan Bank, being an Arab Islamic bank, among major banks and this is a new achievement added to Kuwaiti banks as well as the banking and financial sector in Kuwait,” he a
Credit Agricole, LBBW, Natixis and Standard Chartered are arranging the transaction, which will be finalised later on Wednesday
Wasim Saifi, Deputy CEO at Emirates Islamic Bank extended his warm congratulations to the lucky winner, and further motivated UAE residents to save for their future, while wishing them the best of luck.