Browsing: Banking

RAKBANK has announced a record quarterly post-tax net profit of AED 574.2M ($156.3M), marking a 27.5 percent increase (39.7 percent increase on a pre-tax basis) driven by sustained momentum on both sides of the balance sheet in the first quarter.

Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), has entered into a partnership with Core42 to commence the implementation of Open Finance across the nation.

Central Bank of the UAE released a notice on Monday instructing all banks and insurance firms to offer a six-month deferral on repayment of personal and car loan instalments for customers affected by recent adverse weather conditions. This deferral will be provided without any additional charges, interest, or increases to the principal loan amount.

With the Finance Magnates Africa Summit 2024 (FMAS:24) just around the corner, the anticipation is…

A Dubai billionaire has urged for banks to remain open during lengthy holidays, citing the “direct harm” caused to customers and the commercial sector by their closure.

Emirates NBD has introduced a new premium credit card service for account holders with balances above $136,000, offering free golf, beach, and spa access to customers.

Russia’s overseas debt fell by $12.8B, or 4.1%, to $304B in the first quarter of 2024, according to a statement on the Central Bank’s website.

Saudi Arabia tops the latest Forbes ranking of the most valuable banks, boasting 10 entries valued at $279.50B (AED 1T).

Bank of Japan Governor Kazuo Ueda stated on Tuesday that the central bank would consider further reducing monetary stimulus if the country’s underlying inflation rate approaches the 2 percent target, as anticipated by Japanese news agency Kyodo News.

Commercial Bank International (CBI) has revealed its investment in zypl.ai, a fintech startup leading the way in applying generative AI in the lending sector