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NBK named Best Bank in Kuwait 2017 by Global Finance
(Kuwait Times - 19/10/2017)

National Bank of Kuwait (NBK) has been named the Best Bank in Kuwait 2017 by the international financial publication Global Finance. The award was presented to George Richani, General Manager – International Banking Group at NBK, at an award ceremony

Riyad Bank third-quarter profit up 47.7 pct, beats forecasts
(Reuters - 19/10/2017)

Riyad Bank, Saudi Arabia's fourth-largest bank by assets, on Wednesday reported a 47.7 percent rise in third-quarter net profit, beating analysts' forecasts as income from investments and fees and commission rose. The bank, which had reported flat or

CBD net profits decline 5.2% in first 9 months
(Gulfnews - 19/10/2017)

Commercial Bank of Dubai (CBD) reported a nine-month net profit of Dh665 million, 5.2 per cent lower compared to Dh701 million for the same period last year. The bank attributed the decline in net profits to prudent provisioning and higher general

Qatar National Bank's 2017 loan growth to rise 12-14 pct -analysts
(Reuters - 18/10/2017)

Qatar National Bank (QNB), the largest lender in the Middle East and Africa by assets, expects loan growth of 12-14 percent this year, propelled by government infrastructure spending, analysts said after a call with QNB’s finance chief. The country’s

NBB achieves BD 49.43 million net profit
(BNA - 18/10/2017)

The National Bank of Bahrain (NBB) announced that it has recorded a net profit of BD 49.43 million ($ 131.46 million) for the nine months ended 30 September 2017 compared to BD 46.21 million ($ 122.90 million) for the corresponding period of the previous

QIB named ‘Best Islamic Bank in GCC & Qatar’
(The Peninsula - 18/10/2017)

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has received two Awards from Global Finance for being the Best Islamic Financial Institution in the GCC and Qatar, for the year 2017.The awards were received by Bassel Gamal, Group CEO at QIB, at an

Commercial Bank reports QR259m net profit
(Gulfnews - 18/10/2017)

The Commercial Bank group has reported a net profit of QR259m for the first nine months of the current financial year ended September 30, 2017. The Group’s net profit has declined by 47.3 percent compared to QR491m reported during the corresponding

Emirates NBD wins top honor at BAI Global Innovation Awards
(Press Release - 17/10/2017)

Emirates NBD, a leading bank in the region, has been declared the Most Innovative Financial Services Organization of the Year at the BAI Global Innovation Awards held recently in Atlanta, USA. Now in its seventh edition, the BAI Global innovation Awards

Fitch Affirms Kuwait Finance House at 'A+'; Upgrades VR to 'bb+'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Kuwait Finance House's (KFH) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also upgraded the bank's Viability Rating (VR) to 'bb+' from 'bb'. The VR upgrade incorporates KFH's reduced risk

Fitch Affirms Gulf Bank at 'A+'; Upgrades VR to 'bb+'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Gulf Bank's (GB) Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. Fitch has also upgraded the bank's Viability Rating (VR) to 'bb+' from 'bb'. The VR upgrade reflects GB's continuing strong strategy

Fitch Affirms Kuwait's Burgan Bank at 'A+'; Outlook Stable
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Kuwait-based Burgan Bank's (BB) Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. The bank's Viability Rating (VR) has also been affirmed at 'bb'. A full list of rating actions is at the end of this rating

Fitch Affirms Kuwait International Bank at 'A+'; Outlook Stable
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Kuwait International Bank's (KIB) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb-'. A full list of rating actions is at the end of this

Fitch Affirms Commercial Bank of Kuwait at 'A+'; Outlook Stable
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Commercial Bank of Kuwait's (CBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb'. A full list of rating actions is at the end of this

Fitch Affirms Boubyan Bank at 'A+'; Upgrades VR to 'bbb-'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Boubyan Bank's (BBY) Long-Term Issuer Default Rating (IDR) at 'A+' with a Stable Outlook. Fitch has also upgraded the bank's Viability Rating (VR) to 'bbb-' from 'bb+'. The VR upgrade reflects BBY's improving franchise,

Fitch Affirms Al Ahli Bank of Kuwait at 'A+'; Outlook Stable
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Al Ahli Bank of Kuwait's (ABK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bb+'. A full list of rating actions is at the end of this rating

Fitch Affirms National Bank of Kuwait at 'AA-'; Downgrades VR to 'a-'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed National Bank of Kuwait's (NBK) Long-Term Issuer Default Rating (IDR) at 'AA-' with a Stable Outlook. Fitch has also downgraded NBK's Viability Rating (VR) to 'a-' from 'a' in a reassessment of the bank's financial metrics, in

Kuwait Finance House Q3 profit rises 7.5 pct
(Reuters - 17/10/2017)

Kuwait Finance House (KFH), the country’s biggest Islamic lender, reported a 7.5 percent rise in third-quarter net profit according to a statement on Monday. Net profit rose to 56.2 million dinars ($186.2 million) in the three months to Sept. 30, Reuters

Fitch Affirms Ahli United Bank (Kuwait) at 'A+'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Ahli United Bank (Kuwait)'s (AUBK) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also affirmed the bank's Viability Rating (VR) at 'bbb-'. A full list of rating actions is at the end of this

Fitch Affirms Warba Bank at 'A+'; Upgrades VR to 'bb-'
(Press Release - 17/10/2017)

Fitch Ratings has affirmed Warba Bank's (WB) Long-Term Issuer Default Rating (IDR) at 'A+'; the Outlook is Stable. Fitch has also upgraded the bank's Viability Rating (VR) to 'bb-' from 'b+'. The VR upgrade reflects WB's good strategy execution and

RAKBANK Extends ‘RAKselect’ Service
(Press Release - 17/10/2017)

In its strive for added customer convenience and banking simplicity, RAKBANK recently upgraded its RAKselect service across Conventional and Islamic Banking. With a strong focus on providing convenient services to the different customer segments, the

Masraf Al Rayan reports QR1.56bn net profit
(The Peninsula - 17/10/2017)

Masraf Al Rayan, a leading bank in Qatar and the region, has reported a net profit of QR1.56bn for the first nine months of the financial year ended September 30, 2017. The Bank’s net profit for the period compared to corresponding period in 2016

ADIB board to meet October 22 to approve results
(Gulfnews - 17/10/2017)

Abu Dhabi Islamic Bank said on Monday it plans to hold a board meeting on October 22 to discuss and approve its third-quarter results. The meeting will discuss ordinary corporate matters that do not reflect the share price, the bank said in a statement

UAB’s nine-month net profit down 43 per cent to Dh49.75 million
(Gulfnews - 17/10/2017)

United Arab Bank (UAB) reported a net profit of Dh49.75 million for the first nine months of 2017, down 43 per cent compared to Dh87.74 million reported in the same period last year. For the third quarter of the year the bank reported a net loss of

Alinma Bank net profit surges 74% in quarter
(Saudi Gazette - 17/10/2017)

Alinma Bank has announced the achievement of a net profit of SR542 million during the third quarter of 2017. This represents an improvement over the SR312 million net profit earned for the same period of the previous year, an increase of 74%. It also

Mashreq Bank posts 12% rise in net profit
(CPI Financial - 16/10/2017)

Mashreq's CEO, HE AbdulAziz Al Ghurair, said: “It has been a period of muted growth for the UAE banking system with the banking sector Gross Credit growing by only 0.3 per cent as of August 2017. However at Mashreq we have been successful in increasing