Bank Dhofar, Oman's third-largest lender by assets, plans to raise its capital by up to $300 million at the earliest opportunity, with a Tier 1 capital-boosting bond its preferred method, the bank said in a statement.
It is th
Al Baraka Banking Group plans to apply a new mechanism designed to measure the direct impact of financing provided by its banks on the communities they serve, the bank's top official has said.
Al Baraka Banking Group president
Mashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 per cent and 10 per cent, the Dubai bank's chief executive said on Sunday.
Emirates NBD (ENBD), Dubai's largest bank, on Sunday reported a 82 per cent leap in fourth-quarter net profit, broadly in line with analysts' forecasts, because of strong growth across its business as the emirate's economy boomed.
Arab National Bank (ANB) has reported a net profit of $767million for last year compared to $673 million in the previous year, according to a report.
The total operating income reached $1.4billion compared to $1.3billion for the s
Bahrain's sovereign wealth fund Mumtalakat has signed a $500 million credit facility with a total of six banks.
The participating banks are BNP Paribas, Deutsche Bank Luxembourg, Standard Chartered Bank's Dubai Internation
Saudi Arabia's National Commercial Bank (NCB), the kingdom's largest bank, posted a 1.7 per cent rise in fourth-quarter net profit, it said on Wednesday, but missed analysts' forecasts.
The lender made a net profit of
Samba Financial Group, Saudi Arabia's fourth-largest bank by assets, posted a 22.5 per cent rise in its fourth-quarter net profit, it said in a bourse statement on Tuesday, beating analyst forecasts.
The bank said it made SR1.
Saudi Hollandi Bank, Saudi Arabia's oldest lender, beats analyst expectations after posting a 33 per cent rise in fourth-quarter net profit on the back of a rise in operating income.
The lender, partly-owned by Royal Bank of S
Qatar-based Al Khalij Commercial Bank (al khaliji) has appointed Rana Ahmad Al Asaad as the acting head of personal banking as prat of its Qatarization strategy.
This step comes in line with the bank’s commitment to Qatar&rs