Tag: Banking
Islamic banks assets increased by AED 86 billion over past 12 months
The Islamic banks’ deposits increased to AED 509.4 billion at the end of February, reflecting an annual increase of 15.8%
Bank of Sharjah reports net profit of AED80 million in Q1 2024
The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness
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.