Browsing: Banking

RIYADH: Saudi Arabia’s top 10 listed banks saw their earnings surge by 8 percent in the first quarter of 2024, reaching SR18.65 billion ($5 billion) compared to the corresponding period of the previous year. 

Italian lenders must quit the country to avoid a “reputational problem,” a European Central Bank policymaker has warned

Cairo –  The Central Bank of Egypt (CBE) issued treasury bonds (T-bonds) at a combined value of EGP 3.50 billion through two tranches on Monday, 27 May.

Gross domestic product grew 5.7% in the first quarter from a year ago, lower than expected as consumer spending was weak

RIYADH: Oman’s banking sector experienced a 2.9 percent rise in total credit, reaching 30.8 billion Omani rials ($80 billion) by the end of March, official data showed. 

More of Russia’s super-rich are keeping their money at home, driving “unprecedented” growth in the private banking sector, new research shows. The number of high-net-worth individuals (HNWI) holding assets worth over 100 million rubles (roughly $1 million) in Russian banks jumped by 50% last year compared to 2022, leading banking consultancy Frank RG reported on Tuesday.

Israel has threatened to revoke a waiver for maintaining ties with financial institutions in the West Bank

Russian President Vladimir Putin has granted American Express bank the right to “voluntary liquidate” its business in Russia, according to a document published on the portal of legal acts on Wednesday.

This strategic collaboration aims to speed up bank account openings and provide more reliable and secure banking solutions

ABU DHABI: Gross banks’ assets in the country surpassed the AED4.2 trillion mark by the end February 2024, for the first time in its history, according to the latest statistics from the Central Bank of the United Arab Emirates (CBUAE).