Rakbank report 14.18% gain in net income

For the half year ended 30th June 2013, the Rakbank has announced an AED760.1m net profit, reflecting a 13.7% increase over the same period last year.


HSBC cut down SMEs service

The bank sent a letter to some of its SMEs business customers terminating the services it provides.


Bank AlJazira's Q2 net profit up 29% to SAR167m

The bank stated that the increase in the net income during the second quarter of 2013 compared with the same period in the previous year is mainly due to the growth in core banking activities and increase in operating income


Commercial Bank gets go-ahead for Alternatifbank deal

Commercial Bank of Qatar's acquisition of a 70.84% stake in Alternatifbank from Anadolu Endustri Holding has been approved by the Banking Regulation and Supervision Agency and the Capital Markets Board of Turkey.