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Middle East

QNB interim net profit rises 31%

Wed, Jul, 7 2010

(Free) Qatar National Bank (QNB), the Gulf state’s biggest lender by market capitalisation, posted a 30.8% jump in net profits to QAR2.7bn ($741.5m) for the six months ending June 2010, from QAR2.1bn in the year-ago period, after a boost in loans and customer depositsFree

NBAD scores international remittances first

Thu, Jun, 24 2010

(Free) National Bank of Abu Dhabi (NBAD), the second-largest bank in the United Arab Emirates by assets, has become the first bank in the Middle East to offer international remittances from customers’ mobile phones.Free

RBS retail asset sales gather pace

Thu, Jun, 17 2010

(Free) HSBC has agreed a deal to acquire the Kazakhstan retail banking unit of Royal Bank of Scotland (RBS) in a deal worth up to a maximum of $52 million.Free

Dubai Islamic Bank launches mobile banking

Mon, Jun, 14 2010

(Free) Dubai Islamic Bank (DIB) has become the latest bank to tap into the popularity of mobile banking with the launch of the Al Islami m-banking service. Free

Piraeus goes live on Fiserv platform

Fri, Apr, 30 2010

The Egypt-based unit of Greece’s Piraeus Bank has gone live on Fiserv’s Universal Banking platform, following the lead of its Cyprus-based unit, which implemented the vendor’s technology in January 2009. The unit is the first within Piraeus to be running a platform fully supporting the Arabic language, reports Douglas BlakeyFree

Emirates NBD Q1 profits drop but beat forecasts

Mon, Apr, 26 2010

(Free) The Middle East’s biggest bank by assets Emirates NBD has posted a 11.9 percent fall in first quarter net profits to AED1.1 billion ($302.2 million) in the process beating analyst forecasts.Free

StanChart rolls out Shariah compliant credit card

Thu, Apr, 22 2010

(Free) Standard Chartered (StanChart) has launched a MasterCard branded Shariah compliant credit card, Saadiq Platinum, in the United Arab Emirates (UAE).Free

HSBC launches Premier service in Kuwait

Mon, Apr, 12 2010

(Free) HSBC has rolled out HSBC Premier in Kuwait, the 40th country in which its successful mass-affluent product is offered, in the process becoming the first international bank to enter the Kuwaiti retail banking market.Free

NBK latest to eye Garanti stake

Thu, Apr, 8 2010

(Free) Kuwait’s largest lender, National Bank of Kuwait (NBK), has become the first bank to confirm that it is considering buying a 20.85% stake in Turkish bank Garanti.Free