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Banking and Finance

Banking and Finance latest

Invest Bank delivers AED 102 million profit before tax for 9M-2025, driven by solid income growth and robust balance sheet performance
November 10th, 2025 - 08:55 GMT

Invest Bank delivers AED 102 million profit before tax for 9M-2025, driven by solid income growth and robust balance sheet performance

Invest Bank today announced its financial results for the nine-month period ended September 30, 2025, reporting a profit before tax of AED 102M, reflecting continued momentum across income streams, balance sheet expansion, and strong recoveries. Key Financial Highlights • Total assets at AED 13.4 Bn (+24% YTD). • Net loans and advances at AED 6.6Bn (+46% YTD). • Customer Deposits at AED 11.1Bn (+28% YTD), with a CASA ratio of 29.4% (FY’24 : 26.6%). • Operating Income of AED 251.4Mn (+21% YoY), equally contributed by growth in core Net Interest ...
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Saudi Arabia: Closure of August Issuance of Sukuk Program
August 23rd, 2020 - 07:00 GMT

Saudi Arabia: Closure of August Issuance of Sukuk Program

Saudi Stock Exchange Prepares for Next Steps in Global and Regional plans
August 23rd, 2020 - 06:30 GMT

Saudi Stock Exchange Prepares for Next Steps in Global and Regional plans

FAB Distributes Nearly Dh4 Million as Part of COVID Relief Measures To Over 6,000 SME Merchants
August 20th, 2020 - 08:21 GMT

FAB Distributes Nearly Dh4 Million as Part of COVID Relief Measures To Over 6,000 SME Merchants

UAE: National Banks’ Assets Soar to $816 Billion in H1 2020
August 19th, 2020 - 11:00 GMT

UAE: National Banks’ Assets Soar to $816 Billion in H1 2020

Sharjah Islamic Bank wins the Sharjah Award for Voluntary Work
August 19th, 2020 - 09:02 GMT

Sharjah Islamic Bank wins the Sharjah Award for Voluntary Work

Launch of Mobile Banking App Marks New Chapter in Al Salam Bank’s Digitization Journey
August 19th, 2020 - 05:14 GMT

Launch of Mobile Banking App Marks New Chapter in Al Salam Bank’s Digitization Journey

Is Forex a Sustainable Mean of Income During COVID-19?
August 18th, 2020 - 10:30 GMT

Is Forex a Sustainable Mean of Income During COVID-19?

US Dollar Weakens Amid Gloomy Data
August 18th, 2020 - 07:30 GMT

US Dollar Weakens Amid Gloomy Data

Saudi Arabia: Fintech Industry is Growing Strongly
August 18th, 2020 - 07:00 GMT

Saudi Arabia: Fintech Industry is Growing Strongly

Turkey: Foreign Currency Demand Soars Amid Lira's Freefall
August 18th, 2020 - 06:00 GMT

Turkey: Foreign Currency Demand Soars Amid Lira's Freefall

What Does the Future Hold for Cryptocurrencies in the Middle East?
August 17th, 2020 - 03:00 GMT

What Does the Future Hold for Cryptocurrencies in the Middle East?

Jean-Christophe Gerard Appointed CEO, Barclays Private Bank
August 17th, 2020 - 11:40 GMT

Jean-Christophe Gerard Appointed CEO, Barclays Private Bank

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