05/25/2012

NBAD to open 8 new business banking centers

Two years ago when the world struggled with the financial crisis, the National Bank of Abu Dhabi (NBAD)did not hesitate from investing in serving small- and medium-sized enterprises (SME).

05/22/2012

GCC bank perform better in Q1

It showed the combined net income of the banks from the six-nation Gulf Cooperation Council (GCC) swelled by 18 per cent year-on-year in the first quarter of 2012 and as high as 38 per cent over the fourth quarter of 2011.

05/18/2012

Shortage of bank lockers in Dubai

Big names in the city like Mashreq and Standard Chartered do not have this service, their spokesperson confirmed to Emirates 24|7.

05/16/2012

UAE SME loans to jump 20%: HSBC

The fund, HSBC’s third such fund in the UAE, is open to new and existing customers with cross border trading requirements. The bank has earmarked 30 per cent of the loans to Emirati-owned businesses.

05/02/2012

Rakbank opens a Business Banking Centre in Al Ras in Deira

The bank prides itself on being the first to offer an interest bearing business current account, collateral-free loans for companies demonstrating a solid business model, and most importantly a quick approval process with minimal documentation requirement

04/30/2012

NBO’s Q1 net jumps 24 per cent

Operating income increased by 12 per cent to RO 8.6 million in the first quarter of 2012 compared to RO 7.6 million for the same period in 2011. Total expenses were at RO 10.9 million, an increase of 5 per cent over the first quarter of 2011, mainly on ac

04/30/2012

Doha Bank wins prestigious award

Doha Bank Group chief executive officer R Seetharaman received the award from Juma al-Majed, chairman of Dubai Economic Council at a ceremony of the 7th International Conference on Social Responsibility attended by distinguished CSR leaders, bankers, acad

04/27/2012

Emirates NBD wary of central bank loan rules

Chief executive Rick Pudner told a media conference call that the bank was currently assessing its exposure and would contact the UAE central bank before the September deadline.

04/25/2012

Mashreq Bank Q1 Net Profit Up 2 Percent

Demonstrating Mashreq's ongoing efforts on improving its assets quality, the provisions for loans and advances continued to decline by 46% and 50% as compared to Q1 2011 and Q4 2011 respectively to reach Dhs176m.

04/23/2012

NCB's Q1 net income rises 30%

Sheikh Abdullah Bahamdan, Chairman of NCB remarked that the Bank's strategy to diversify its sources of revenue has contributed to an increase in fee income from banking services by 29.0%, net special commission income by 11.2% compared to the same p