The board also endorsed the criteria that govern banks’ loan exposure to the real estate sector
A recent report advices banks to quickly redesign their respective diversification strategies to remain relevant in the future
The lender reported third-quarter net income fell 7.7 per cent from a year ago to Dhs492.9m
The Dubai-headquartered bank is the Official Premier Partner of Expo 2020 Dubai
The increasing use of online banking services and the rise of cloud-based challenger banks are here to stay
With this acquisition, Entrust can help banks and financial institutions worldwide create seamless payment experiences for their customers
Capital Bank is the first bank in Jordan to deploy the humanoid robot – Pepper across its branches, supported by Proven Solution robotic management system
The central bank’s foreign assets increased 0.4 per cent year-on-year
DIB is the leading UAE-based sukuk issuer by value on Nasdaq Dubai with a total value of $6.3bn listed on the exchange
Net profit for the three months ended March 31, 2021, amounted to Dhs164.2m, compared to Dhs153.7m for the corresponding period last year
ESAG partners with National Bank of Fujairah to offer digital payment system
Normalisation of ties with the GCC, the upcoming FIFA World Cup and economic reforms are painting a positive picture for the gas-rich nation
Gross credit in the banking system grew from Dhs1.779 trillion by the end of December 2020 to Dhs1.779.2 trillion in January 2021
The Central Bank of the UAE projects the country’s real GDP to increase by 2.5 per cent in 2021
Operations under the new name and structure are planned to start on April 1, 2021
The bank recorded a a full year 2020 net profit of Dhs10.6bn
BCG says earnings could shrink by -2.1% annually between 2019 and 2024
The decline was attributed to a substantial increase in impairment provisions and lower operating profit
Total income of Dhs23.2bn improved 4 per cent year-on-year
The structured note which matures in 12 months provides 95 per cent capital protection
Bank plans to quadruple wealth clients in five years
It attracted a total orderbook of around $1.5bn which represents a three times over-subscription rate
JMR’s Genie de Banca digital platform will enable banks and financial institutions to automate and digitise their lending departments, develop new revenue channels, and present their customers with new products and services
The total number of positions that have been eliminated has reached 85,540 globally
International banks have been expanding in Saudi as the country embarks on a plan to diversify its economy beyond oil
Lenders should leverage the use of technology to understand customers’ needs and create a personalised journey for them, says IT firm Comarch
It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year
Non-performing loan ratio increases from 3.8% in December 2019 to 4.1% in June 2020
Increase in non-performing loans squeezed banks’ profits in the GCC country
Lawyers for Huawei argue HSBC improperly aided the US to indict CFO Meng Wanzhou