ABC Islamic Bank has posted a net profit of $6.1 million for the first quarter of the year, a 75 per cent increase compared to the same period last year.
High profile syndications and asset churn contributed to good growth in fee
Bahrain's central bank has said it had placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration to protect the rights of depositors and policyholders.
In a brief statement, the central bank did
Jordan Islamic Bank (JIB), a subsidiary of Bahrain-based Al Baraka Banking Group, has reported nine per cent growth in net profit at $16.08 million for the first quarter when compared with $14.67 million for the first quarter last year.
A Bahraini bank has won a massive payout from a Saudi businessman described as ‘one of the biggest monetary judgements ever awarded in the GCC.’
Maan Al Sanea has been ordered by Bahrain's High Civil Court to pay A
Emirates Investment Bank (EIBank), an independent private and investment banking boutique, has posted a net profit of Dh21.23 million ($5.7 million) for the first quarter of the year, an increase of nine per cent.
The customer dep
UAE Exchange, a leading global remittance, foreign exchange and payment solutions brand, has joined hands with Bank of Baroda, an Indian public sector bank, to offer FLASHremit, an instant bank transfer facility.
The customers wil
Deutsche Bank agreed with US and British authorities to pay a record $2.5 billion to resolve investigations it manipulated benchmark interest rates used to price loans and contracts around the world.
As part of the deal, Deutsche
Saxo Bank, a leading online trading and investment specialist, has strengthened its capital base by issuing Convertible Tier 2 Notes in exchange for €46.25 million ($49.6 million) and by issuing new equity capital in the am
Arab Bank Group has reported net profit after tax and provisions of $217.2 million for the first quarter as against $216.3 million in the previous year.
Loans and advances increased by three per cent to $23.7 billion, compared wit
Warba Bank has unveiled its new BCT service representing a trading platform for domestic and international commodities.
The ‘Mosawama’ comes within the framework of the efforts of the retail banking group in providing