Source: Zawya Of this, the value of transfers executed by banks during the first two months of this year amounted to AED2.093 trillion. Banking operations statistics released by the Central Bank of the UAE (CBUAE) showed that the value of transfers executed within the country’s banking sector through the UAE Funds Transfer System (UAEFTS) rose […]
Dubai, UAE: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has announced the launch of its new Business Banking Diamond account. The account is a premium and bespoke offering crafted to deliver a superlative banking experience for the sophisticated financial needs of high-value Small and Medium Enterprises (SMEs) and established businesses. The launch was […]
Sharjah, UAE – Bank of Sharjah has announced a strong start to 2025, posting a net profit of AED 116 million for the first quarter ended March 31, 2025, marking a 45% increase compared to AED 80 million in Q1 2024. The solid performance follows the Bank’s remarkable turnaround in 2024 and reflects continued momentum driven […]
Abu Dhabi, 29 April 2025 – Abu Dhabi Commercial Bank PJSC (ADCB) today reported its financial results for the first quarter of 2025 (Q1’25). 15th consecutive quarter of growth(2) in profit before tax marked by well-diversified income streams and improved efficiencies amid continued strength in UAE economic fundamentals Key highlights – Q1’25 vs. Q1’24 Profit before […]
Profit before tax was AED 6.13 billion, up 22% yoy Total assets cross AED 1.3 trillion milestone, up 6% yoy FAB accelerates AI deployment and becomes first bank in region to use AI Agent Board Observer Abu Dhabi: First Abu Dhabi Bank (FAB) delivered record results for the first quarter of 2025, with Group net profit […]
The first three months saw the bank deliver double-digit pretax earnings growth, significant asset quality improvement, and industry-first sustainability milestones Operating Revenue of AED 3.2 billion, growth of 5% YoY. Pre-tax Profit of AED 2.1 billion, solid growth of 14% YoY. Balance sheet expanded by 3% YTD to AED 355 billion. Net Financing portfolio grew […]
Ras Al Khaimah, United Arab Emirates, April 21, 2025 – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for first Quarter of 2025. Highlights – Q1 2025 All percentage variances are YoY Key Financial Highlights – Q1 2025 Profit after tax of AED 704M for Q1’25 up 22.7% over Q1’24 Operating […]
Doha, Qatar: As part of its ongoing efforts to support the private sector and strengthen the sustainability of Qatari businesses, Qatar Development Bank (QDB) has announced the launch of its Mergers and Acquisitions (M&A) program. The strategic initiative offers integrated solutions to companies seeking growth, access to new opportunities, strategic partnerships, or structured and efficient exit […]
Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, further solidifies its global leadership in sustainable building practices by securing 25 Leadership in Energy and Environmental Design (LEED) Platinum certifications in March 2025, coinciding with the 25th anniversary of LEED. This remarkable achievement positions Emirates NBD as […]
March 25, 2025 Dubai – UAE: Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariha Compliance Islamic Suite (Consumer & Commercial) for Banking / […]