Tag: Banking
UAE’s FAB posts 6% rise in Q1 profit to AED 4.2 billion
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio
Mashreq Egypt, Visa introduce innovative Mashreq NEO Visa card
The Mashreq NEO Visa Card is a fusion of cutting-edge technology, seamless banking services and benefits to meet customers’ evolving needs
Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
QIB’s Q1 2024 net profit jumps 5.5% to QAR 955 million
Total income for the first three months of the year was QAR 2.81 billion compared to QAR 2.41 billion for the same period in 2023
Emirates NBD-Egypt expands footprint with Qena Governorate branch
The opening of the new branch follows the opening of the Shebin Al-Kom branch in November 2023 and the Zagazig branch in Sharqia Governorate last month
Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City
Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study
Standard Chartered to start operations in Egypt by year-end
The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.
Intesa Sanpaolo mulls taking full ownership of Egypt’s ALEXBANK
ALEXBANK is one of Egypt’s main private sector banks with 175 branches and 1.6 million customers.
EFG Holding Q2 2023 revenue soars to EGP 3.1 billion
The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses
Egypt central bank signs MoU with London Institute of Banking & Finance
The initiative aims to nurture the next generation of finance professionals by equipping them with the necessary skills and knowledge