RAKBANK expands its network of branches

Some of the many products and services offered to retail customers at the new branch include account opening, deposits, investment options, prepaid cards, a suite of credit cards and personal, auto and mortgage loans.


Burgan Bank posts profit

Burgan Bank has four majority owned subsidiaries: Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq), Jordan Kuwait Bank - JKB (Jordan) and Tunis International Bank - TIB (Tunisia), (collectively known as the "Burgan Bank Group").


3 Jordanian banks report higher profits

The bank's profit before tax amounted to JD33.8 million. Cairo Amman Bank also announced that net profit increased to JD24.1 million during the first half of 2012 compared with JD23.4 million during the first six months of last year.


UAE- CBI posts 154% jump in H1 profit as deposits, loans up

The UAE bank reported a net profit of Dh141.3 million for the first six month period ended June 30, 2012 as compared to Dh55.7 million reported during the corresponding period in 2011. As a three month period of second quarter of 2012, the bank also annou


HSBC Bank Oman logs profit

"The new entity now has one of the largest branch networks in the Sultanate, and will serve the needs of retail, corporate and institutional customers. With the successful completion of this transaction, customers can now benefit from both HSBC Group


Bank of Bahrain and Kuwait said to expand into India

Bank of Bahrain and Kuwait BSC plans to expand into India after obtaining licenses to open two branches with a target to add two more in the future, Alwasat reported, citing chief executive officer Murad Ali Murad.


Gulf bank results reflect state spending

Emirates NBD, Dubai's biggest bank by market value, posted a 13 per cent drop in second-quarter earnings, its fourth consecutive quarterly drop. The earnings fell as costs increased and the lender made further provisions on state-linked debt.


Bank Sohar first half profit soars

Bank Sohar has performed well in all key financial parameters. Net interest income jumped 19.51 per cent to RO20.009 million in the first half of this year, from RO16.742 million for the period ended June 30.


HSBC, OIB merger brings banking in Oman to global stage

As the operations and technology systems of two leading banking players, Oman International Bank and HSBC, gradually integrate to become one, customers will have access to a full range of award-winning retail banking and wealth management products and ser