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.


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


QNB Group acquires a stake of Libya-based bank

The announcement was made during the extraordinary general assembly of the Bank of Commerce and Development which was held in Benghazi, Libya on Thursday April 12th 2012. It approved QNB Group as a strategic partner of the Bank according to the memorandum


Eurobank sells Turkey unit

Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank.


Two Dubai banks approve merger

Two Dubai-based banks have approved a plan to merge into one unit following negotiations over the past two years and endorsement of the plan by the Central Bank, a newspaper reported on Monday.


Bank Al Etihad selects CR2's BankWorld

The adoption of BankWorld enables Bank Al Etihad to take a competitive advantage in the Jordanian market by being able to launch new products and services efficiently and quickly across their ATM network as well as providing an improved level of service


CBQ eyes bond market return

Commercial Bank of Qatar has picked banks to arrange investor meetings in Asia, the Middle East and Europe ahead of a possible dollar-denominated bond issue, lead arrangers said.


National Bank of Abu Dhabi signs agreement with UAE Exchange

"NBAD's partnership with UAE Exchange adds another 100 venues where our esteemed cardholders can conveniently pay their credit card bills and this complements the lifestyle and distinctions that come with NBAD credit card," added Dave.


Bank merger sealed in Greece

The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t


Warba Bank set to launch retail operations

With quality services delivered by high competencies, Warba Bank expects to attract clients and investors to invest throughout the Kuwait financial system.


NBAD opens first Academy in Northern Emirates

The National Bank of Abu Dhabi has expanded its training facility with the inauguration of a state-of- the-art academy in the Northern Emirates, the Bank’s second in the UAE.