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UAE banks' investments hits $181bn by end of AprilThe total investments by banks operating in the country continued to rise steadily, reaching AED 666.2 billion ($181.3 billion) at the end of April 2024, registering growth of 0.3% on a monthly basis, and 5% since the beginning of the year, ac More… |
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Saudi Arabia's liquidity soars to hit all-time high of $752bnSaudi Arabia's liquidity levels continued to grow strongly, reaching SAR2.826 trillion ($752 billion) at the end of May, thus marking an annual growth of approximately 8.6%. This represented an increase of more than SAR222.9 billion ($59.3 More… |
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ADIB appoints acting Group CEOAbu Dhabi Islamic Bank (ADIB) has appointed Mohamed Abdelbary as acting Group CEO of the bank following the resignation of Nasser Al Awadhi from his position as Group CEO of ADIB for personal reasons. Abdelbary More… |
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GIB announces CEOs for Saudi Arabia and BahrainGulf International Bank (GIB) today (Wednesday) announced new senior leadership appointments for its businesses in Saudi Arabia and Bahrain. Khaled Abbas, currently Group Wholesale Banking Head, has been More… |
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Ithmaar Bank posts $8.93m Q2 profitIthmaar Bank, a Bahrain-based Islamic bank, reported a net profit attributable to equity holders of BD3.37 million ($8.93 million) for the three-month period ended on June 30, 2023, compared to the net profit of BD1.30 million reported for the More… |
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SICO net profits surge to $2.4m in Q2SICO, a conventional wholesale bank, has announced that its consolidated net profit attributable to shareholders surged 223% to BD892,000 ($2.4 million) in the second quarter of 2023, compared to BD276,000 in the same period last year. More… |
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Bahrain's NBB posts 4% rise in H1 net profit to $108mNational Bank of Bahrain (NBB) has reported 4% increase in net profit attributable to shareholders to BHD40.8 million ($108.2 million) in the first six months of the year, compared to BHD39.4 million ($104.5 million) in the same period of 2022 More… |
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Emirates Islamic net profit rises 73% to $326m in H1Emirates Islamic delivered its highest ever half-year net profit, with an exceptional jump of 73% to AED1.2 billion ($326.7 million) during the first half of 2023. This record profit was driven by higher funded and non-funde More… |
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ADCB reports strong growth; H1 profit hits $1.03bnAbu Dhabi Commercial Bank (ADCB) has reported strong performance in Q2 2023, driven by broad-based income growth and improved efficiency metrics. The bank’s net profit of AED1.932 billion ($525.99 million More… |
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Bahrain banks' external funding to remain stable, says S&PFunding risk is a prominent topic among investors in GCC banks, particularly during the transition from cheap and abundant liquidity to a more restrictive environment. Major central banks have also made i More… |
