While the current account penetration in Saudi Arabia’s retail banking sector is high at 98 per cent, only 25 per cent of consumer banking customers have a personal loan, Morgan Stanley said in a research paper.
The low use
Standard Chartered will shift its retail bank's focus from mass market to affluent customers and urge more customers online as part of a broader turnaround strategy for the lender, a senior executive told Reuters.
The global Islamic finance industry is estimated to be worth $1.3 trillion and is growing at a rate of between 15 per cent and 20 per cent per year. However, growth comes at a cost. Many Islamic banks haven’t had the time to develop a true
Bahrain Association of Banks (BAB) has announced the release of 'The Handbook of Retail Banking,' billed as an essential guide to the retail banking industry in Bahrain.
The handbook takes a practical look at retail bankin
United Arab Bank (UAB), a leading bank in the UAE, has appointed Tony Graham as head of Retail Banking.
Graham has over 15 years’ experience as an international banker. Prior to his appointment, he was head of Contact Centre
Barclays has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday.
The potential sale may impact up to 280 employees, a source fami
HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, the bank said.
Bahrain-based Gulf International Bank (GIB), one of the longest established financial institutions in the kingdom, has unveiled plans to expand across the region by launching a retail banking network.
The investment bank plans to
Kuwait-based Gulf Bank has announced the appointment of Vikram Issar as general manager of Consumer Banking.
Issar, who joined the bank last month, was previously with Standard Chartered Bank in Singapore where he was chief operat
Mashreq, one of the UAE’s leading financial institutions, recently hosted service guru Ron Kaufman in a staff event as part of the bank’s efforts to achieve service excellence in its retail operations.
Ron Kaufman is a