by Vasu Jit Kalia | July 30, 2024 | Banking, Central Banks
Arab Bank Group reported solid results for the first half of 2024, with 25% increase in net income after tax reaching $503 million as compared to $401 million for the same period last year. The Group maintained its strong capital base with a total equity of $11.5...
by Vasu Jit Kalia | July 26, 2024 | Banking, Central Banks
National Bank of Fujairah recorded a net profit after tax of AED 441.2 million during the first half of this year. According to a press release issued today, the bank’s pre-tax profits increased by 46% year-on-year to end the six-month period with a net profit of AED...
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...
