Category :Banking

Banking Featured News Regional

Saudi National Bank reports net income of $1.2 billion in Q1-2022

Global Business Magazine July 28, 2022

The Saudi National Bank (SNB) on Thursday announced a net income after zakat and income tax of $1.2 billion by the end of Read More

Banking Featured News Regional

UAE Banks’ lending activity witnesses growth in Q1 of 2022

Global Business Magazine July 25, 2022

The Central Bank of UAE (UAECB) on Friday said that the lending activity in the UAE rebounded during the first quarter of Read More

Banking Featured News Regional

UAE banks have adequate and surplus liquidity, says IMF

Global Business Magazine July 25, 2022

The International Monetary Fund (IMF) said that the UAE banks enjoy an abundant surplus of liquidity.Read More

Banking Featured News Regional

CBUAE grants licence to Zand to operate as commercial bank

Global Business Magazine July 8, 2022

The UAE Central Bank has granted banking licence to Zand, the Emirates’ first digital bank that aims to cater to retail and Read More

Banking Featured News Regional

Mid-year outlook for Middle East banks improving, says Fitch Ratings

Global Business Magazine July 4, 2022

Business conditions for banks worldwide are likely to deteriorate this year compared to 2021 as rising prices slow down economic growth, according to Read More

Banking Featured News Regional

ADIB launches plot finance scheme

Global Business Magazine June 30, 2022

The Abu Dhabi Islamic Bank (ADIB) on Wednesday announced the launch of its first-ever plot financing offering. The scheme enables customers to Read More

Banking News World

Julius Baer CEO says Switzerland needs two big banks to fuel competition – report

Global Business Magazine June 28, 2022

Switzerland needs two big banks to fuel competition, the chief executive officer of Julius Baer (BAER.S) said in a newspaper interview Read More

Banking News World

Credit Suisse sticks to strategic overhaul despite “challenging” environment

Global Business Magazine June 28, 2022

Credit Suisse (CSGN.S) is sticking to its plans to overhaul strategy and bolster risk management despite challenges created by turmoil in Read More

Banking News World

Four big U.S. banks raise dividends after stress tests

Global Business Magazine June 28, 2022

Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Read More

Banking News World

Israel’s Bank Leumi eyes share offering of around $578 million

Global Business Magazine June 22, 2022

Leumi (LUMI.TA), one of Israel's two largest banks, said it was considering a share offering in Tel Aviv of around 2 billion Read More