Boubyan Bank's consumer finance at 4 pct - Chairman
(KUNA
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31/01/2012)
Boubyan Bank's share in consumer finance has reached four percent as oppose to the one percent when the bank was opened in 2009, said Chairman of the Board and CEO Adel Al-Majed here Tuesday. Al-Majed said in a press release that the bank managed to
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Bank Muscat extends CSR support to repair homes
(Oman Daily Observer
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31/01/2012)
BankMuscat, the leading financial services provider in the Sultanate, has extended support to repair homes of the needy as part of its ‘Tadhamun’ social initiative. The objective of the Corporate Social Responsibility (CSR) initiative is to address the
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Ahlibank’s net profit up 29 per cent
(Times of Oman
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31/01/2012)
ahlibank, one of the leading commercial banks in the country, announced its unaudited results for the year ended on December 31, 2011. The bank has achieved a 29 per cent surge in net profit for the year ended on December 31, 2011. The net profit rose
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First Gulf Bank to pay shareholders Dh1.5bn
(The National
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31/01/2012)
First Gulf Bank has announced a Dh1.5 billion (US$408.3 million) payout to shareholders as part of a dividend plan that includes issuing bonus shares to all investors. The capital's third-biggest lender will pay shareholders Dh1 and distribute one extra
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AUB system 'is ready'
(Gulf Daily News
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31/01/2012)
Ahli United Bank (AUB) has announced that it is completely ready for the launch of International Bank Account Number (IBAN) standard in Bahrain. This move is in line with Central Bank of Bahrain's directives making the use of IBAN a mandatory requirement
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First Gulf Bank profit up 8% at Dh3.7b
(Khaleej Times
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31/01/2012)
First Gulf Bank, or FGB, on Monday declared an eight per cent increase in its net profit that reached Dh3.7 billion for 2011 and also recommended a 100 per cent cash dividend for its shareholders. The bank’s net profit for the fourth quarter amounted to
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NBAD participates in Tawdeef Career Fair
(AME Info
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30/01/2012)
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, is platinum sponsor of Tawdeef Career Fair to be held in Abu Dhabi National Exhibition Centre (ADNEC) from January 31st to February 2nd, 2012. NBAD's sponsorship and participation in
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Emirates NBD partners with French Business Council
(AME Info
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30/01/2012)
Emirates NBD recently partnered with the French Business Council (FBC) to host the French Tuesday Networking event, and introduce the bank's Business Banking products and services to FBC members. The partnership includes a supporting committee membership
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Masraf Al Rayan Reports QR 1.4 Billion in Net Profit
(QNA
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30/01/2012)
Masraf Al Rayan has disclosed the preliminary financial statements for the year ended December 31, 2011. The preliminary financials revealed a net profit of QR 1.4 billion in 2011, it said in a release published on the (Qatar Exchange) website on Monday.
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First Gulf Bank 2011 net profit rises 8% to Dhs3,707m
(AME Info
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30/01/2012)
First Gulf Bank PJSC, (FGB), the leading financial partner of choice in the UAE, announced that the bank posted a Net Profit of Dhs3,707m for 2011, 8% higher than it did last year. The Net Profit for the fourth quarter (Q4) amounted to Dhs1,022m, 18%
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Qatar sees Denizbank deal 'if price right'
(Reuters
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30/01/2012)
Qatar's finance minister, who is also the chairman of Qatar National Bank, said QNB could buy Turkey's Denizbank by year's end if the "price is right". Asked if he hoped the purchase may be completed by the end of the year, Youssef Kamal said: "If the
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Bank Muscat Shariah board members to address Islamic banking seminar
(Oman Daily Observer
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30/01/2012)
BankMuscat, the flagship financial institution in the Sultanate, is hosting the fourth seminar on Islamic banking on February 2 at the Ministry of Education auditorium in Wattayah. The BankMuscat Sharia board members Shaikh Dr Ali Qaradaghi, Chairman,
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NBAD Cautious Income Fund unveiled
(Khaleej Times
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30/01/2012)
The National Bank of Abu Dhabi, or NBAD, announced that from today its new mutual fund, the NBAD Cautious Income Fund, will accept subscriptions. This new fund is a unique bond fund that offers investors attractive returns with low levels of risk. At a
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Boubyan Bank achieves net profit of KD 8 million for 2011
(Al Watan
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30/01/2012)
Boubyan Bank said on Sunday its results for 2011 showed a net profit of eight million Kuwaiti dinars - a growth of 31 percent, in comparison with the six million dinars net profit of 2010. Chairman of Boubyan Bank Ibrahim Al-Qadhi, said in a press
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QNB sees 10% growth in 2012 on Qatar economic expansion
(Gulf Times
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30/01/2012)
QNB expects to grow by 10% in 2012 on the back of Qatar’s economic expansion, bank chairman and HE the Minister of Finance and Economy, Yousef Hussein Kamal has said. “First of all, Qatar economy is growing… there are a lot of projects here. We are also
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BBK posts $84m profit despite big challenges
(Gulf Daily News
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30/01/2012)
Despite global financial problems BBK managed to earn a net profit of BD31.8 million ($84.35m) last year. The bank's board yesterday recommended a dividend of 25 fils per share. "I am pleased to announce that in 2011, BBK produced good financial results,
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Al Rajhi bank in Jordan ATM deal
(Trade Arabia
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29/01/2012)
Snax, a leading chain of convenience stores operated by Al-Mashrabia Trading Company in Jordan, has inked a deal with leading Saudi bank Al Rajhi to install ATM machines at a number of its branches located across Amman. The initial phase of execution is
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Boubyan Bank announces net profit of KD 8 million for 2011
(KUNA
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29/01/2012)
Kuwait's Boubyan Bank said on Sunday its results for 2011 showed a net profit of KD 8 million - a growth of 31 pct, in comparison with the KD 6 million net profit of 2010. Chairman of Boubyan Bank Ibrahim Al-Qadhi, said in a press release on Sunday, the
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NBAD launches Cautious Income Fund
(AME Info
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29/01/2012)
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, announced that from 30th January 2012, its new mutual fund, the NBAD Cautious Income Fund, will accept subscriptions. This new fund is a unique bond fund that offers investors
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Gulf Bank gets PCI certification
(Trade Arabia
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29/01/2012)
Kuwait-based Gulf Bank said it has achieved the Payment Card Industry (PCI) – Data Security Standards (DSS) compliance for secure management of its card holder information and the prevention of credit card fraud. The compliance was completed on schedule,
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QNB Net Profit Exceeds QR 7.5 Billion
(QNA
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29/01/2012)
Riding on a net profit exceeding QR 7.5 Billion, QNB Group Sunday approved Qatar National Bank''s audited financial results for the year ended December 31, 2011, and announced cash dividend of 40% of the nominal value at QR 4.0 per share following its
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Top Emirates NBD official to quit
(Reuters
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29/01/2012)
The chief executive of Dubai lender Emirates NBD's investment banking division is leaving the bank, three sources familiar with the matter said. Suresh Kumar, who was a board member and named the head of Emirates NBD Capital in 2009, has worked with the
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NBK reports net profit of $1,086 million for 2011
(Kuwait Times
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29/01/2012)
National Bank of Kuwait (NBK), the largest Kuwaiti bank and the highest-rated in the Middle East, reported net profits of $1,086 million (KD 302.4 million) in 2011 compared with $1,083 million (KD 301.7) in 2010. NBK Group’s total assets stood at $48.9
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Bank Muscat unveils new vision, organisation structure
(Oman Daily Observer
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29/01/2012)
Marking 30 years of successful growth, BankMuscat, the flagship financial institution in the Sultanate, yesterday unveiled its new Vision and Management Team, reflecting the strategy for the coming period and bringing on board several competent staff who
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Abu Dhabi Commercial Bank readies for a payout
(The National
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28/01/2012)
Abu Dhabi Commercial Bank (ADCB) readied its first payout to shareholders in three years as its problems with bad debts eased last year. The move came as signs emerge that the banking sector is starting to free itself from the debt crisis of the past few
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