Saudi banks hold assets worth USD 1.33 trillion
Saudi Arabia's total bank credit jumped to SR3.30 trillion by 2025-end, fuelled by strong demand for corporate financing tied to infrastructure and development projects...
Tag : banking
HSBC Swiss Private Bank appoints Alfonso Gomez as new CEO
Alfonso Gomez, who recently served as CEO of BBVA Switzerland for over 12 years, will be based in Geneva and report to Ida Liu, CEO of HSBC Private Bank...
Lumin Soft becomes third company to join Egypt’s fintech regulatory sandbox
Through its participation in the sandbox, Lumin Soft will be able to conduct live testing of its business model within the regulatory framework...
With record USD 2.3 billion in 2025, Revolut witnesses 57% jump in pretax profit
Since its formation in 2015, Revolut has emerged as the most successful of the handful of European fintech companies founded in the 2010s, with no physical branches...
Goldman Sachs Ayco gets new boss as it targets custodial referral market
Sara Naison-Tarajano, a 27-year veteran of the firm, most recently served as Global Head of PWM Capital Markets and Global Head of Goldman Sachs Apex, the firm’s dedicated family office business...
Bank of Montreal to open around 150 financial centres in United States
In 2023, Bank of Montreal bought BNP Paribas' US unit, Bank of the West, for USD 16.3 billion...
The Arab Energy Fund delivers record net income in 2025, to issue Panda bonds in China
Across The Arab Energy Fund's business verticals, corporate banking expanded its portfolio to USD 6 billion, with net operating income reaching USD 140.1 million...
Are humans making way for AI loan officers?
For borrowers, the shift may be invisible as applications are approved faster and rejections arrive more quickly, while what changes quietly beneath the surface is how those decisions are made...
Gulf bank deposits hit USD 2.3 trillion, assets top USD 3.9 trillion as 2025 ends
The balance sheet growth comes amid the backdrop of the listed Gulf banks reporting significant record third-quarter profits...
Bank Muscat posts USD 664.3 million net profit for 2025
Bank Muscat's net loans and advances, including Islamic financing receivables, increased by 4.8% to RO 10,731 million as against RO 10,237 million as at December 31, 2024...