NBB to acquire 100% of Bahrain Islamic Bank’s paid up shares
On offer: Cash or a share-swap with an exchange ratio of 0.167 NBB shares per Bahrain Islamic shares
Tag: Middle East banking
UAE loans and deposits growth slows down in August
Credit growth in government and GRE segment rises due to an increase in investment activities
UAE banks held record Dh65.8bn in savings accounts by mid-2019
The savings accounts held by UAE banks accounted for 11.4 percent of the total deposits of Dh1.4 trillion by July end
First Abu Dhabi Bank denies Qatar disclosure allegations
The Qatar Financial Authority imposed a fine of $55 million for obstructing a probe into the case
Kuwait firm on keeping discount rate at 3% despite global changes
Kuwait took the decision to keep the discount rate unchanged to maintain the competitiveness of the national currency
Emirates NBD’s net profit reaches Dh7.48 bn as the bank grows globally
The bank’s total net profit for the first six months increased 49 percent year-on-year
Trade Bank of Iraq to expand in China and Arabian Gulf
The bank is seeking to lift its revenues from retail banking and international operations to 30% by 2022