by Vasu Jit Kalia | July 19, 2024 | Central Banks
SHARJAH, 18th July, 2024 (WAM) – Sharjah Islamic Bank (SIB) announced an increase in its net profit by 25.8%, amounting to AED622.4 million for the first six months of 2024, compared to AED494.6 million for the same period of the previous year. Net profit after tax...
by Vasu Jit Kalia | July 19, 2024 | Banking, Central Banks
ABU DHABI, 18th July, 2024 (WAM) – Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the second quarter of 2024 (Q2’24). Strong performance in H1’24 driven by double-digit YoY growth in net interest income and non-interest income in the...
by Vasu Jit Kalia | July 17, 2024 | Central Banks
Al Maryah Community Bank (Mbank), a digital bank in the UAE, has announced its collaboration with First Abu Dhabi Bank (FAB) to expand Mbank’s geographical network. In a statement on Tuesday, Mbank said that the strategic collaboration aims to integrate Mbank’s...
by Jibran Munaf | July 17, 2024 | Banking, Central Banks, News
U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came in above analyst expectations of 1.9%, according to economists polled by Reuters, and matched the previous 2% reading...
by Vasu Jit Kalia | July 15, 2024 | Central Banks
Mumbai, July 15 (IANS): India’s largest lender State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by 5-10 basis points with effect from Monday (July 15). Interest rates on loans linked to MCLR are also likely to go up...
by Jibran Munaf | July 12, 2024 | Banking, Central Banks, News
The UAE’s banking sector continues to show robust growth, with gross bank assets, including bankers’ acceptances, rising by 1.0 percent to AED 4,296.5 billion ($1.17 trillion) at the end of April 2024, up from AED 4,254.5 billion at the end of March 2024,...
