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Mashreq Bank has partnered with Diebold Nixdorf to streamline the bank’s in-branch cash cycle management processes by implementing automation technology across select UAE branches.
A statement on Monday said that the cash recycling systems coupled with multi-vendor software will enable Mashreq to drive operational efficiencies, increase cash security and enhance customer experience.
Diebold Nixdorf’s automation technology serves as part of the transaction process by automating cash handling, mitigating the security risk of exposed cash and detecting counterfeit notes.
Mashreq, one of the leading financial institutions in the UAE, said its net profit for the year ending December 31, 2017 hit Dh2.1 billion ($571 million), thus registering a 6.5 per cent jump over th
Mashreq Bank's head of wealth management Ishrat Kiyani said the Dubai-based lender is beefing up its mutual fund range and portfolio solutions as clients increasingly invest excess funds through loca
Mashreq Bank, the UAE’s oldest privately owned bank, celebrated its 50th anniversary in Bahrain in the attendance of key industry leaders, clients, and partners at the Gulf Hotel.
Emirates NBD, a leading bank in the region, successfully concluded financing amounting to AED 1.30 billion for UNEC (United Engineering Construction Company) towards building work on Dubai-based prop
Al Rayan Bank is planning more securitisations backed by Shariah-compliant loans, after recently selling the UK’s first deal tied to Islamic-style home purchase plans.
The bank expects to o
Asset re-pricing and loan growth more than offset the increased funding cost, thus helping Ahlibank effectively manage its net interest margins in 2017, according to its top official.
Doha Bank held the 10th monthly draw of its 2017 Al Dana Savings Scheme campaign on Monday.The finale of the 14th edition of Qatar’s most rewarding savings programme was held at Mall of Qatar and sa
Abu Dhabi Ship Building (ADSB)’s net profit increased to Dh104.8 million in 2017 from Dh61.3 million in the previous year due to awarding of marine support services contract, cost efficiency measures