Friday 26 December 2014
 
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Branches

StanChart may axe 100 branches in revival plan

Asia-focused bank Standard Chartered plans to cut up to 100 retail branches in 2015, or 8 per cent of its network, to help save $400 million a year to improve profitability. The bank is under pressure to improve performance after

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ENBD marks branch-focused 50th year

UAE-based Emirates NBD, a leading bank in the region, inaugurated its retail branches-focused 50th anniversary celebrations, at the head office branch. The programme started with a cake cutting ceremony attended by Hesham Al Qassi

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Iraq Trade Bank to expand into Lebanon, Turkey

State-owned Trade Bank of Iraq (TBI) plans to expand its domestic presence as well as open branches in Lebanon and Turkey to tap growing trade between the countries, the bank's top executive said on Thursday. The bank, set up

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GCC firms 'can open Bahrain branches'

Bahrain’s Shura Council has approved the bill that allows companies owned by GCC nationals to open branches in the kingdom in a move to help develop businesses and diversify sources of income. Under the bill, GCC companies w

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RBS tries to find fresh suitors for branch network

Royal Bank of Scotland has sent sales documents to prospective buyers of the branches it is being forced to sell, in the hope it can draw up a shortlist next month, sources said. Information was despatched this week to trade buyer

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StanChart guarantees 8-minute teller service

Standard Chartered recently introduced a new service across six of its branches in the UAE that guarantees teller service within an eight minute time frame. The ‘8-minute teller service guarantee’ will be rolled out to

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Al Baraka net income jumps 10pc to $183m

Leading Bahrain-based Islamic bank, Al Baraka Banking Group, achieved a net income of $183 million in the first nine months of the year, an increase of 10 per cent on the first nine months of last year. The continued expansion in

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KHCB plans 3 new branches in Bahrain

Bahrain-based Khaleeji Commercial Bank (KHCB), a major Islamic retail bank, will open two fully operational branches in the kingdom shortly, with plans for a third to be announced soon. “KHCB’s increased presence across Bahrain emphasizes

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Al Baraka sees 50 more branches in 2012

Al Baraka Banking Group will pursue its growth strategy up to 2016 and expect to open a further 50 branches this year as it continues to expand, said the bank’s president and chief executive Adnan Ahmed Yousif said 2012 had started well, s

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Bahrain to allow Gulf firms to open branches

Bahrain’s Cabinet yesterday (March 18) asked authorities concerned to draw up a draft law which allows companies owned by Gulf nationals to open branches in Bahrain. This is in line with a landmark decision taken at the 2010 GCC summit in

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