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Doha Bank, Centrum Wealth Management ink deal
(The Peninsula - 31/10/2017)

Doha Bank, one of the largest private commercial banks in Qatar, has entered into an agreement with Centrum Wealth Management Limited, to offer its customers wealth management services in India. The exclusive partnership in Qatar and one of its kind in

Emirates NBD's Q3 profit rises 37 pct, ahead of two forecasts
(Reuters - 30/10/2017)

Emirates NBD (ENBD), Dubai’s largest lender, posted a 37 percent rise in third-quarter net profit on Monday as impairments tumbled and operating income rose. The bank, the last major lender from the United Arab Emirates to report its earnings during the

QIB sponsors conference on information security in financial instituti
(Gulf Times - 30/10/2017)

Qatar Islamic Bank (QIB) has announced its sponsorship of the ‘4th Annual Conference for Information Security in Financial Institutions (ISFS)’ on November 5 and 6 at Sheraton Grand Doha Resort and Convention Hotel. The conference, which is held this

EIBank’s third quarter profit up 48.4%
(Gulf News - 30/10/2017)

Emirates Investment Bank (EIBank), an independent private bank based in UAE has reported a net profit of Dh18.94 million for the third quarter of 2017, up 48.4 per cent compared to Dh12.76 million reported in the same period last year. For the first nine

NBB – official sponsor of ”Invest in Bahrain” forum
(Press Release - 30/10/2017)

The National Bank of Bahrain (NBB) has officially confirmed it would sponsor the upcoming ‘‘Invest in Bahrain 2017 Forum.” The 12th edition of the annual event, under the patronage of HRH the Prime Minister, Prince Khalifa bin Salman Al Khalifa, will

Bank ABC closes aircraft financing for DAE Capital
(Biz Bahrain - 30/10/2017)

Bank ABC, acting as sole Mandated Lead Arranger, has successfully closed the financing of an Airbus A320-200 aircraft for DAE Capital. The aircraft will be operated by flyadeal, the low-cost carrier recently established by Saudi Arabian Airlines. The

KFH takes part in ArabNet conference – Bank up investment in tech,
(Arab Times - 30/10/2017)

Kuwait Finance House (KFH) participated in the 2nd edition of ArabNet Kuwait held under the patronage of HE Khaled Al-Roudan, Minister of Commerce and Industry and Minister of State for Youth Affairs. The conference is one of the biggest and most

KIB achieves KD 13.5m net profit for 9 months of 2017
(Kuwait Times - 29/10/2017)

Kuwait International Bank (KIB) reported a net profit for the period ended 30 September 2017, amounting to KD 13.5 million, and earnings per share of 14.42 fils. In this context, Chairman of KIB, Sheikh Mohammed Jarrah Al-Sabah, said: “Since the launch

Tijari reports operating income of KD 110.9m for 9 months of 2017
(Kuwait Times - 29/10/2017)

Commercial Bank of Kuwait announced its financial results for the nine months period of 2017. Commenting on the financial results, Ali Al-Mousa the bank’s chairman said that the bank’s total assets reached KD 4,369.8 million at the end of September 2017

Bank Sohar achieves 47 per cent growth in net profit
(Times of Oman - 29/10/2017)

Bank Sohar’s net profit grew by 46.60 per cent to OMR18.98 million for the first nine months ended September 30, 2017 against OMR12.94 million during the same period in 2016. The bank is continuing with its efforts to achieve sustainable and profitable

Tunisia: QNB to increase its capital by more than 98 MD
(Reuters - 27/10/2017)

Qatar National Bank Tunisia (QNB) has just announced that it will hold an Extraordinary General Meeting on October 30, 2017 at 10:00 am at the headquarters of the bank located in Tunis, with a view to making a capital increase in cash, ilboursa reported.

Banque Saudi Fransi sells stake in AllianzSF
(CPI Financial - 27/10/2017)

Banque Saudi Fransi (BSF) has announced the signing of a share sale and purchase agreement with Allianz Europe BV dated 05/02/1439H corresponding to 25/10/2017G for the sale of 3,700,000 shares in Allianz Saudi Fransi Cooperative Insurance Company which

Emirates NBD Selects NexJ for their Wholesale Banking Division
(Press Release - 27/10/2017)

NexJ Systems Inc. (TSX: NXJ), a provider of enterprise customer management solutions to the financial services and insurance industries, announced today that the Wholesale Banking division of Emirates NBD, a leading banking group in the MENA region, has

SABB reports profit of SR3,248 till Q3
(Saudi Gazette - 27/10/2017)

THE Saudi British Bank (SABB) recorded a net profit of SR3,248 million for the nine months ended Sept. 30. This is a decrease of SR40 million or 1.2% compared to SR 3,288 million for the same period in 2016. SABB recorded a net profit of SR1,083 million

ADCB shows the meaning of true investor relations
(The National - 27/10/2017)

Following on last week’s article analysing the Q3 financial performance of Dubai Islamic Bank, Union National Bank and Mashreq, on Wednesday I had a look at how the other banks are performing and was pleasantly suprised when I visited the Abu Dhabi

First Abu Dhabi Bank Q3 profit falls on lower operating income
(Reuters - 26/10/2017)

First Abu Dhabi Bank, the largest bank in the United Arab Emirates, on Wednesday reported an 18 percent drop in third quarter profit as lower operating income weighed on its bottom line. FAB made a net profit of 2.61 billion dirhams ($711 million) in the

Al Khaliji Q3 net profit rises to QR454mn
(Gulf Times - 26/10/2017)

Driven by “strong growth” of 7% in operating income, “effective cost management” leading to lower operating expenses and “continued prudent provisioning” on the credit and investment portfolios, Al Khaliji (Al Khalij Commercial Bank) posted a net profit

First Abu Dhabi Bank posts $2.2bn 9-month profit
(Trade Arabia - 26/10/2017)

First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has reported a net profit of Dh8.09 billion ($2.20 billion) for the nine-month period ended September 2017, down 4 per cent year-on-year,

Saudi British Bank sees third-quarter earnings surge
(The National - 26/10/2017)

Saudi British Bank (Sabb), the kingdom's sixth-largest bank by assets, reported an 8.8 per cent rise in third-quarter net profit on Wednesday, meeting analysts' forecasts. The bank, an affiliate of HSBC, said it made 1.08 billion Saudi riyals (Dh1.05bn)

Alizz Islamic Bank offers finance option to salaried individuals
(Times of Oman - 26/10/2017)

As part of its ever growing product portfolio, Alizz Islamic Bank has enabled salaried individuals to avail commercial finance for their personal businesses via their salary. The financing options come with a world of features and benefits. They are

Bank Muscat committed to highest levels of secure banking transactions
(Oman Daily Observer - 26/10/2017)

Bank Muscat, the flagship financial services provider in the Sultanate, as part of its ‘Let’s Do More’ vision and commitment to ensure the highest levels of security for banking transactions, has urged customers to follow secure banking tips frequently

ANB net profit grows 4.5% in 9 months
(Saudi Gazette - 26/10/2017)

Arab National Bank (ANB) reported a net profit of $638 million for the first nine months of 2017, compared to $610 million for the same period last year, an increase of 4.5%. Profits of the third quarter of 2017 reached $206.8 million compared to $192.4

Bank Nizwa launches road show specialising in Sharia-compliant banking
(Times of Oman - 25/10/2017)

Bank Nizwa has launched Oman’s first road show specialising in Sharia-compliant banking, insurance, and investment in partnership with Takaful Oman and Tanmia. The inaugural session was held in Muscat under the auspices of Abdullah bin Salim Al Salmi,

QNB Group tops The Banker’s 100 Arab Banks list for 2017
(The Peninsula - 25/10/2017)

QNB Group, the largest financial institution in the Middle East and Africa, once more proved its performance, strength, and stability by leading The Banker’s list of the top 100 Arab Banks for 2017. The recognition was based on QNB being ranked number

Bank Sohar closes OMR100m bond issue with coupon rate of 7.75%
(Times of Oman - 25/10/2017)

Bank Sohar successfully closed the issue of up to 100,000 perpetual capital securities (including a greenshoe option) on a private placement basis, at a price of OMR1,000 per capital security, aggregating to OMR100 million. The capital securities was