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CBI reports 55 per cent increase first half 2018 net profit
(Gulf News - 31/07/2018)

Commercial Bank International (CBI) on Monday reported Dh81 million net profit for the first half of 2018, up 55 per cent compared to Dh52 million in the same period last year.<br/><br/> Operating profit surged 6 per cent to Dh194 million from Dh183

Bank Dhofar, NBO to start merger talks
(Oman Daily Observer - 31/07/2018)

The Board of Directors of Bank Dhofar and and the National Bank of Oman (NBO) have decided to start a dialogue to study the possibility of a merger between the two institutions.<br/><br/> In separate filings to Muscat Securities Market (MSM), both banks

Bank Sohar Q2 net profit surges 21pc to $36m
(Trade Arabia - 31/07/2018)

Bank Sohar, a leading bankin Oman, has posted a net profit of RO13.982 million ($36.23 million) for the second quarter (Q2) of the year as compared to a net profit of RO11.566 million during the same period in year 2017, marking a growth of 20.89 per

Bank Muscat salary transfer drive evokes strong response
(Oman Daily Observer - 30/07/2018)

Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to the salary transfer campaign offering attractive cash prizes for al jawhar Privilege banking customers. Launched for the second consecutive year, the

Bank Sohar expands ATM network at key locations
(Times of Oman - 29/07/2018)

Expanding its operational network to provide further convenience to its customers, Bank Sohar has introduced two new offsite ATMs at two of Oman’s most recent landmark developments, including the Muscat International Airport, arrivals hall, and the new

Doha Bank names its fifth ‘Al Dana Young Saver’ winner
(The Peninsula - 29/07/2018)

Doha Bank yesterday announced A S N Al Thani as the latest lucky winner in its ‘Al Dana Young Saver’ scheme. The fifth winner of the year was revealed during an exciting prize draw ceremony, which took place recently at Doha Festival City Mall.<br/><br/>

Arab Bank Group net profit up 5pc to $436m
(Trade Arabia - 29/07/2018)

Arab Bank Group has reported net income after tax for the six months period ended 30 June 2018 of $436 million compared to $415 million in prior period, recording a growth of 5 per cent.<br/><br/> The Group’s net income before tax grew by 6.4 per cent to

ABK posts 18 pct rise in H1 net profit
(Arab Times - 29/07/2018)

Al Ahli Bank of Kuwait (ABK) today reported an 18 percent increase in net profit for the first half ending June 30, 2018. The upward trend in 2018 continued as ABK’s net profit for the period reached KD 19.1 million and operating income was KD 83.8

Sabb reports 26% profit jump in second quarter as impairments decline
(The National - 26/07/2018)

Saudi British Bank (Sabb), HSBC’s unit in the kingdom seeking a merger with Saudi rival Alawwal Bank, reported a 26.8 per cent year-on-year rise in its second-quarter net profit, beating analysts’ estimates, as operating expenses dropped on lower

RAKBank reports flat second quarter net profit as impairments climb
(The National - 26/07/2018)

The National Bank of Ras Al Khaimah on Wednesday reported a slight drop in its second-quarter net profit as non-interest income dropped and operating expenses climbed amid challenging market conditions.<br/><br/> Net profit slipped to Dh226.6 million in

Bank of Sharjah posts Dh200m H1 net profit
(Gulf News - 25/07/2018)

Bank of Sharjah on Tuesday reported Dh200 million net profit for the first half of 2018, up 31 per cent from Dh152 million for the same period last year. The bank’s total comprehensive income for the period ended June 30, 2018 increased 728 per cent to

First Abu Dhabi Bank net profit surges to $1.7bn
(Trade Arabia - 25/07/2018)

First Abu Dhabi Bank (FAB), the largest bank in the UAE, has registered a net profit of Dh6.1 billion ($1.7 billion) for the first six months of 2018, up 10 per cent over last year boosted by higher foreign exchange and investment income.<br/><br/>

KIB reports KD 12 million net profit for H1, 2018
(Arab Times - 25/07/2018)

Kuwait International Bank (KIB) reported a net profit of KD 12 million attributable to shareholders and earnings per share at 12.82 fils for the first half of 2018. Net profit increased by 10% compared to similar period last year.<br/><br/> Total

AUB reports KD 29.0 million net profit for H1, 2018
(Arab Times - 25/07/2018)

Ahli United Bank (AUB) reported a net profit for the first half of 2018 amounting to KD 29.0 million compared to KD 26.5 million during the same period last year, refl ecting a 9.4% growth. Earnings per share (EPS) reached 15.4 fils as compared with 14.0

Saudi bank Samba lifts profit by 10%, meets forecasts
(Gulf News - 24/07/2018)

Samba Financial Group, Saudi Arabia’s third-largest bank by assets, reported a 10.2 per cent rise in second-quarter net profit on Sunday, in line with analysts’ forecasts. The bank made a profit of 1.4 billion riyals (Dh1.37 billion or $373 million) in

Mashreq launches cashback campaign
(Gulf News - 24/07/2018)

Mashreq Bank launched its ‘Cashback Campaign’ for business banking clients, with the aim of rewarding entrepreneurs for growing their deposit balances. From July 1 until September 30, 2018, Mashreq’s business banking customers can earn up to Dh25,000 in

KFH reports KD 95.22m net profit in H1, 2018
(Arab Times - 24/07/2018)

Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq said that KFH has, by the grace of Allah, reported net profits to shareholders of KD 95.22 million for the first half of 2018 for KFH shareholders compared to KD 81.64 million for the

DIB launches new Skywards co-brand credit cards
(Gulf News - 23/07/2018)

Dubai Islamic Bank (DIB) has partnered with Emirates Skywards to launch new credit eards tailored specifically to offer exceptional value to the country’s growing community of frequent flyers.<br/><br/> The Emirates Skywards DIB Credit Cards are

Kuwait consumer spending rebounds in June: NBK
(Trade Arabia - 23/07/2018)

Kuwait’s consumer spending index increased 8.5 per cent year-on-year (y/y) in June, supported by a pickup in the consumption of durables and non-durables, said the National Bank of Kuwait (NBK) in its latest Economic Update.<br/><br/> The end of Ramadan

Doha Bank recognised as ‘Qatar Domestic Trade Finance Bank of the Year’
(Gulf Times - 22/07/2018)

Doha Bank has been awarded ‘Qatar Domestic Trade Finance Bank of the Year’ in the ‘Wholesale Banking’ category at the Asian Banking and Finance (ABF) Awards 2018 in Singapore.<br/><br/> Fazlur Rahman, assistant representative at Doha Bank’s Singapore

QIB receives three awards from The Asset Magazine
(The Peninsula - 22/07/2018)

Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, recently received three awards at The Asset Triple A Islamic Finance Awards 2018 including Islamic Bank of the Year in Qatar. The awards are conferred by The Asset Magazine, a leading financial

BisB seals Dadabhai Travel partnership deal
(Trade Arabia - 22/07/2018)

Bahrain Islamic Bank (BisB), leading provider of Sharia compliant integrated financial solutions, said it has signed a partnership agreement with Dadabhai Travel, one of the leading travel agencies in the kingdom.<br/><br/> This comes on the heels of the

Gulf Bank records an increase of 18 pct in net profit for H1, 2018
(Arab Times - 22/07/2018)

Gulf Bank K.S.C.P. announced its financial results for the first half of 2018. The Bank recorded a net profit of KD 27 million in the first 6 months of 2018, an increase of 18% over the same period in 2017. The Bank generated net interest income of KD 77

Dubai Islamic Bank second quarter profit rises 14.6%
(Times of Oman - 19/07/2018)

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 14.6 per cent increase in second-quarter net profit on Wednesday as income from Islamic financing and investment grew.<br/><br/> It is the third Dubai-based

Mashreq’s first half 2018 net profits up 5.2%
(Gulf News - 19/07/2018)

Mashreq has posted first-half 2018 net profit of Dh1.2 billion up 5.2 per cent compared to Dh1.1 billion in the same period in 2017. For the second quarter of this year the bank reported a net profit of Dh563 million compared to Dh557 million in the same

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