Increment in interest rates, joined with enhancing nearby monetary development, is relied upon to help the profitability of neighborhood banks through enhanced advance yields, investors and experts have said. A week ago, the Central Bank of the UAE raised interest rates on its authentications of store following the US Federal Reserve’s 25-premise direct increment toward…

Agreeing to Fitch Ratings, the UAE’s banking segment standpoint for 2018 stay strong with regards to stable working condition in the nation. “The UAE working condition stayed strong in 2017, and this is required to proceed in 2018, because of its more noteworthy broadening [particularly Dubai] than GCC peers,” said Redmond Ramsdale, an examiner with…

The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached US$723 billion (AED2.66 trillion) for the year 2016. Experts in the sector said the continued stability of…

Digitization shift brings with it security threats and strong competition The banking industry, integral to our commercial and personal lives, has evolved with the times to embrace new challenges and cater to constantly changing consumer behavior and attitudes. Technology has undoubtedly played an obvious and increasingly important role in the evolution of the banking industry…

Leading Dubai banks such as Emirates NBD (ENBD), Emirates Islamic (EI) and Dubai Islamic Bank (DIB) posted their first-half results on Wednesday, reporting strong operating performances supported by declines in costs, lower provisions and improved margins. Emirates NBD reported a net profit of Dh3.9 billion for the first half of 2017, up 5 per cent…

Economists are not known for their communication skills, to put it mildly. The typical economics paper is written in a formal, stilted style, laden with phrases like “in the following subsection” and jargon and highly formalized mathematical definitions. For a non-economist to hack through the verbal jungle of the typical paper is often an impossible…

For the second time in 2017 to discuss the latest developments and challenges in the banking sector, the CEOs Advisory Council of the UAE Banks Federation (UBF), a professional representative body comprising 48 member banks operating in the UAE, met. Namely the Ethical Selling Code of Conduct as well as the Customers Complaint Framework, the…

Under the chairmanship of Khalifa Mohammad Al Kindi, Chairman of the Board, the Board of Directors of the Central Bank of the UAE held its 3rd meeting for 2017 recently. The meeting was attended by Khalid Juma Al Majid, Deputy Chairman, Mubarak Rashed Al Mansouri, the Governor, and Board members; Younis Haji Al Khoori, Khalid…

“I am proud that one of the world’s five largest banks is coming to Serbia and that the briefness of the period in which the preliminary license was given says a lot about this bank and its cooperation with the Central Bank of Serbia.” This was proudly announced by Jorgovanka Tabakovic, the governor of Central…

According to reports, the Cooperative for Ethical Finance has filled all the necessary documents to the Croatian National Bank in order to start the procedures for the foundation of the first ethical bank in Croatia. The nature of the Ethical Banking will be rather different from the commercial banks. Its clients will have a continuous…

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