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Financial Services provider, Al Baraka Bank has announced exceptional performance results for the second quarter of 2024, reporting a 31% year-on-year (YOY) increase in net profit after tax, reaching EGP 1,336 million. This growth underscores the successful execution of the bank’s strategy to expand its footprint in the Egyptian banking sector and enhance its Sharia-compliant […]
Dubai-based Capital Market Company MultiBank Group has announced a strategic partnership with Mashreq to introduce an innovative instant payment service. This collaboration aims to enhance transactional efficiency and operational transparency for over 1 million traders across 90 countries. Mashreq Bank’s integrated advanced payment processing capabilities will enable MultiBank Group to offer clients nearly instantaneous deposit […]
Mutual Trust Bank PLC (MTB) has been honoured with the “Best Bank in CSR – Bangladesh” award by Business Tabloid Magazine. This distinguished recognition highlights MTB’s exceptional commitment to Corporate Social Responsibility (CSR) in various sectors including education, healthcare, environmental sustainability, and disaster management. The award underscores MTB’s impactful CSR initiatives, which have significantly benefited […]
Mutual Trust Bank PLC (MTB) proudly announces that Syed Mahbubur Rahman, Managing Director and CEO, has received the “Most Influential Banking Leader, Lifetime Achievement Award – Bangladesh” from Business Tabloid Magazine. This distinguished honour recognises Rahman’s impactful leadership and strategic expertise that have significantly shaped the banking sector in Bangladesh. Under Rahman’s leadership, MTB has […]
Industrial Credit and Investment Corporation of India (ICICI) Bank announced the launch of ‘SmartLock’ on Monday, a pioneering safety feature allowing customers to lock and unlock multiple banking services instantly through iMobile Pay, without needing assistance from customer care. This innovative feature enables customers to secure Internet banking, UPI services, and credit and debit cards […]
The National Bank of Dubai (NBD), on Friday, in the Middle East, North Africa, and Türkiye (MENAT) region, received a LEED certification for twelve of its branches from the United States Green Building Council (USGBC), with seven branches in the UAE and five in Saudi Arabia being recognized for their sustainability efforts. The branches in […]
Fintech company Airtel Payments Bank, on Monday, launched National Common Mobility Cards (NCMC), eco-friendly debit and prepaid cards, in collaboration with National Payments Corporation of India (NPCI) powered by RuPay. NCMC offers a unified payment system for accessing various types of commuting services including metro, rail, parkingand bus.The bank said it offers these interoperable cards […]
Financial service company UBS Group AG, on Tuesday, said it intends to commence a new 2024 share buyback program of up to $2 billion on April 3, and the company is expecting to repurchase up to $1 billion of its shares, starting from the end of the merger of UBS Group and Credit Suisse AG. […]
Financial service provider Khaleeji Bank, on Wednesday, collaborated with its peer Eskan Bank to provide Shari’a-compliant Home Financing solutions, also known as Islamic home finance to citizens. Under this agreement, the banks will finance under the ‘Joint Guarantee’ program with an aim to provide a diverse range of banking products and services and promote economic […]
Apex Trade Union All India Bank Officers’ Confederation (AIBOC), on Friday, signed the ninth joint note with Indian Bank Associations (IBA) for officers, which concluded in favour of a five-day work week as well as better pay, benefits, and working conditions for bank employees. AIBOC said the five-day work week will alter the existing working […]
The Reserve Bank of India’s (RBI) Governor Shaktikanta Das gave the first monetary policy statement of 2024 on Thursday, forecasting the condition of inflation, economic growth and possibilities of emerging companies’ contributions to the GDP (Gross Domestic Product) of the nation. Das said the global economy continues to present a mixed picture, where inflation is […]
S&P Global Ratings published a report forecasting the banking sector of South Africa recently, where it anticipates gross domestic product (GDP) growth to below 1.0% in 2023 and about 1.5% in 2024. South African banks are currently facing issues related to reform progress, electricity crisis, imminent elections, external refinancing risks as well as the country’s […]
