RoTE at 20.5% in H1’25, firmly on track with medium term guidance of above 16% Total assets grew 11% ytd to AED 1.34 trillion underpinned by broad-based growth across the franchise Abu Dhabi: First Abu Dhabi Bank (FAB), the UAE’s global bank and one of the world’s largest and safest financial institutions, delivered a record financial […]
Ajman, United Arab Emirates: His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of the Board of Ajman Bank, chaired the Bank’s Board of Directors meeting on Tuesday to review key financial and administrative matters, and issue resolutions on commercial activities. Ajman Bank announced a profit before tax of AED […]
Ras Al Khaimah, United Arab Emirates – The National Bank of Ras Al Khaimah (RAKBANK) today reported its financial results for first Half of 2025. Key Financial Highlights – H1 2025 Profit after tax of D 1,374M for H1’25 up 26.1% over H1’24. Profit after tax for Q2’25 was D 669M, reflecting an increase of 22% YoY Operating […]
H1 2025 Highlights: Net profit reported at AED 208 million for H1 2025 compared to AED 139 million for H1 2024; reflecting a YoY increase of 50%. Earnings per share rose to AED 0.10 per share in H1 2025 compared to AED 0.07 in the corresponding prior year period. Total income increased by 24% YoY […]
Abu Dhabi Commercial Bank reported net income of 2.57 billion dirhams ($699.7 million) for the second quarter on Monday, up 10.7% from the prior-year period, beating analyst expectations. Analysts had expected ADCB’s second-quarter profit at 2.33 billion dirhams, according to LSEG data. The bank reported a net profit of 2.32 billion dirhams in the quarter […]
Muscat: As the Kharif season draws travelers to the lush landscapes of Dhofar, Oman Arab Bank (OAB) is pleased to announce the launch of its seasonal Kharif Dhofar Campaign, designed exclusively for OAB Visa Credit Cardholders. This special initiative is set to enhance the travel and spending experience of customers visiting the scenic Dhofar region […]
Dubai, United Arab Emirates – RAKBANK has successfully completed its first Additional Tier 1 (AT1) security issuance, raising USD 300 million. The perpetual securities have a no-call period of six years (PerpNC6) and carry a coupon rate of 6.625%. The issuance was met with strong investor demand, allowing RAKBANK to tighten pricing by 37.5 basis points. […]
As part of Gulf Bank of Kuwait long-term vision to enhance cybersecurity and in line with its strong commitment to protect its customers’ data and digital systems from potential threats and hackers, Gulf Bank has officially launched its Vulnerability Disclosure Program (VDP) and Bug Bounty programme. This program seeks to involve the cybersecurity community, comprising […]
Dubai, UAE — In a significant step towards strengthening UAE-India financial ties, Mashreq has announced that it is the first UAE-based bank to receive an In-Principle Approval (IPA) to establish an International Banking Unit (IBU) at GIFT City, India’s pioneering global financial services hub. This landmark approval marks a strategic milestone for Mashreq, underscoring the […]
Ajman, UAE – Ajman Bank has launched a comprehensive co-branded payment processing solution for its business clients, developed through its strategic partnership with VaultsPay, a Dubai-based CBUAE licensed fintech payment company with a global footprint. The newly launched program represents the latest milestone in the ongoing partnership between the two institutions, reflecting their joint commitment to […]