Browsing: Banking sector

The Central Bank of the UAE (CBUAE) reported that customers deposited AED 13.8B ($3.76B) into savings accounts during the first quarter of this year.

Mashreq, a leading financial institution, has successfully priced a $500 million additional tier 1 bond…

Saudi Arabia’s banking and finance sectors provided SR 275.576B ($73B) in facilities to SMEs over six years, with a growth of 154%, reaching SR 167.1B ($45B) by 2023, compared to SR 108.519B ($29B) in 2018. Annually, facilities extended increased by 20.3%, reaching SR 46.544B ($12B) by 2023, contrasting with SR 229.032B ($61B) by 2022.

Nairobi, Kenya – May 16, 2024: The 14th Africa Bank 4.0 Summit – Pan Africa,…

H.E. Abdulaziz Al-Ghurair, Chairman of UAE Banks Federation (UBF), the sole representative and unified voice of the UAE banks, said that the increase in consumer confidence in the UAE banking sector from 84% in 2022 to 90% in 2023 reflects its continuous development, as customer trust is an important pillar in banking and finance. He explained that the UAE ranks above the global average in the Trust Index and ranks higher than prominent international financial centres, which confirms the banking sector’s ability to meet the requirements of diverse customer segments.

The Arab-Afro Digital Payment Symposium, Exhibit & Awards, organized by BII World, emerges as a…

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).

Abu Dhabi, United Arab Emirates; 25 March 2024: The CEOs Consultative Council of UAE Banks…

Abu Dhabi, United Arab Emirates – The CEOs Advisory Council of UAE Banks Federation (UBF),…