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CEO-elect of fraud-hit Rakbank quitsThe proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian La More… |
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Rakbank says no money lost in cyber fraudA Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the US and beyond. National Bank of Ras Al Khaima More… |
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Moody's rating boost for Qatari banksQatari lenders will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation, according to a report by Moody's Investors Service. However these positive f More… |
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Rakbank launches Titanium credit cardUAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs). Just like the Titani More… |
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Omani lender hit by $39m prepaid card fraudBank Muscat, Oman's largest lender, will take an impairment charge of up to RO15 million ($39 million) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday. More… |
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Qatar National Bank full year profit up 11pcQatar National Bank (QNB), the acquisitive Gulf lender, on Sunday posted fourth-quarter net profits which were essentially flat compared with the previous year, meeting analysts' forecasts. More… |
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Bank Muscat Q1 net profit up 20pcBank Muscat, Oman's largest lender by market value, rode increased lending growth and a drop in impairments to post a 20-percent rise in first-quarter net profit, beating analysts' forecasts. First-quarter net profit rose to 33.4 million r More… |
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ENBD seeks approval for Islamic units' mergerEmirates NBD, Dubai's largest lender, is seeking approval from three government bodies to merge its two Islamic banking units, sources told Reuters on Monday. The bank is aiming to combine its Emirates Islamic Bank arm with Dubai Bank, More… |
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Saudi IDB, Qatar to launch $1bn Islamic bankSaudi-based Islamic Development Bank (IDB) said it has signed an agreement with the Kingdom's top lender Dallah Albaraka Group and Qatar to set up an Islamic bank in Doha with a paid up capital of $1 billion. The deal for the Mega More… |
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DBS to pay $7.2bn for Indonesia's bankDBS Group Holdings, Southeast Asia's biggest bank, has agreed to pay $7.24 billion for Indonesia's Bank Danamon, offering a 52 percent premium for a middle-ranking lender with high funding costs, raising questions on the price. The takeove More… |
