06/10/2013
Access Bank gets thumbs-up from ratings agencies
Access Bank’s leadership position on the African financial services landscape has been validated by recent upgrade of its ratings
06/10/2013
Access Bank’s leadership position on the African financial services landscape has been validated by recent upgrade of its ratings
06/08/2013
Kenya’s Cooperative Bank on Friday announced plans to open its South Sudan subsidiary by the end of July.
06/07/2013
Competition for a bigger market share in the banking industry is getting stiffer and stiffer by the day as traditional banking giants appear to be losing steam that has propelled them to higher profit trajectory over the years.
05/01/2013
Both institutions look forward to separately creating value for their shareholders and remain open going forward to capitalizing on their complementary strengths to pursue together suitable business opportunities in a less-structured framework.
04/10/2013
HSBC Bank Egypt Inaugurates Two New Branches in Cairo in the presence of MENA Regional Head of Retail Banking and Wealth Management
04/01/2013
“Our view about Egypt in the long term still remains that it’s a place where we want to be and we want to be a significant player.”
12/17/2012
Emirates NBD ENBD.DU, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' (BNPP.PA) Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender.
11/12/2012
However, trade in the region is continuing to grow; 94 percent of Saudi firms expect their trade volumes to expand or stay steady in the next six months.
10/21/2012
Abdulfattah Sharaf, CEO of HSBC UAE said, "HSBC is making a real commitment to diversity
10/01/2012
The sale is expected to generate as much as $500 million (309 million pounds) for the French lender, said one banking source speaking on condition of anonymity as the matter is not public.
09/24/2012
This first service of its kind in Egypt is an integral component of our overall vision to expand our retail brokerage arm and introduce a superior customer service model that gives our clients the best possible transaction experience.
09/09/2012
Arab Bank, Jordan’s largest lender, is seeking to regain access to its Al Wahda bank unit in Libya after last year’s uprising forced it to exit the country.
08/29/2012
The new NBAD office is located in Al Kawthar area, the main banking district in Hurghada, the leading city on the Red Sea coast and a popular touristic and investment destination.
08/15/2012
BNP Paribas may invite within 15 days potential bidders to file preliminary offers for the Egyptian unit, the daily newspaper also reported, without saying where it got the information.
08/14/2012
The lender operates nearly 70 branches in the North African country where political unrest last year toppled the regime of former president Hosni Mubarak.
07/29/2012
The merger between HSBC and Oman International Bank - previously the country's fifth-largest lender - was completed last month.
07/29/2012
"The new entity now has one of the largest branch networks in the Sultanate, and will serve the needs of retail, corporate and institutional customers. With the successful completion of this transaction, customers can now benefit from both HSBC Group
07/26/2012
Bank of Bahrain and Kuwait BSC plans to expand into India after obtaining licenses to open two branches with a target to add two more in the future, Alwasat reported, citing chief executive officer Murad Ali Murad.
07/26/2012
Emirates NBD, Dubai's biggest bank by market value, posted a 13 per cent drop in second-quarter earnings, its fourth consecutive quarterly drop. The earnings fell as costs increased and the lender made further provisions on state-linked debt.
07/25/2012
Bank Sohar has performed well in all key financial parameters. Net interest income jumped 19.51 per cent to RO20.009 million in the first half of this year, from RO16.742 million for the period ended June 30.