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Deposits of above AED20m surge 11.4% in UAE banksLarge deposits (greater than AED20 million) made up 59% the total deposits held by the banks based in the UAE that totalled AED2.222 trillion ($605 billion) until the end of 2022, data from the Central Bank of the UAE revealed. &n More… |
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Bahrain banks' loans and credit facilities jump 6.3%The outstanding balance of total loans and credit facilities extended to resident economic sectors in Bahrain increased to BD11.4 billion ($30.24 billion) at the end of October 2022, a growth of 6.3% compared to the end of October 2021, it was More… |
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LuLu Exchange launches its open banking service platformLuLu Financial Group, a leading financial services firm, has joined hands with Wio Bank, the region’s first platform bank, to allow Wio Business customers to make deposits through its network of LuLu Exchange branches. More… |
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High oil drives GCC bank deposits in Q2: KamcoConsistently elevated oil prices since the start of the year was reflected in the latest customer deposit numbers during the second quarter of the year (Q2) for listed banks in the GCC, said leading Kuwait-based Kamco Invest in a new report. More… |
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UAE bank deposits up 0.7% to $525bn by August-endThe Central Bank of the UAE (CBUAE) said that total bank deposits increased by 0.7%, rising from AED1,915.1 billion ($521.2 billion) at the end of July 2021 to AED1,928.7 billion ($525 billion) at the end of August 2021. The apex More… |
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GCC banks report record high loans growth in Q2Listed banks in the GCC recorded aggregate gross loans at $1.68 trillion at the end of the second quarter (Q2) of the year, 4.6% quarter-on-quarter (q-o-q) and 7.1% y-o-y, after a broad-based growth seen in all the markets, a report said. More… |
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Moody’s sees high govt backing for Saudi bank ratingsMoody's Investors Service said that it continues to incorporate a high/very high probability of government support for the ratings of Saudi banks driven by their government shareholdings, importance in the domestic banking and payment system More… |
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UAE bank deposits jump Dh17.8bn in OctoberTotal bank deposits in the UAE increased by Dh17.8 billion in October, attributable to an Dh1.9 billion increase in resident deposits and an Dh15.9 billion increase in non-resident deposits, said Central Bank of the UAE (CBUAE). & More… |
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UAE banks' 3-month deposits hit $145bn in JulyThe total value of three-month deposits in UAE banks amounted to Dh532 billion ($145 billion) in July, 2019, a 6.2 per cent growth of Dh31.22 billion as compared to the preceding month, a media report said. Three-months deposits, More… |
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UAE cbank cuts interest rates on depositsThe Central Bank of the UAE (CBUAE) said effective August 1, it will lower interest rates applied to the issuance of its Certificates of Deposits in line with the decrease in interest rates on US dollar, following the Federal Reserve Board&rsquo More… |
