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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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Accounting is Evolving and You Should Too
June 10th, 2020 - 10:00 GMT

Accounting is Evolving and You Should Too

UAE: US Bank Acquires 1.51 Percent Stake in Dubai's Largest Bank
June 10th, 2020 - 09:30 GMT

UAE: US Bank Acquires 1.51 Percent Stake in Dubai's Largest Bank

Dubai Islamic Bank successfully closes landmark USD 1 billion Sukuk
June 10th, 2020 - 08:11 GMT

Dubai Islamic Bank Successfully Closes Landmark USD 1 Billion Sukuk

Al Hilal Bank sells Al Hilal Takaful to Siraj Holdings LLC
June 9th, 2020 - 12:50 GMT

Al Hilal Bank sells Al Hilal Takaful to Siraj Holdings LLC

UAE: Banks to Layoff 10-15 Percent of Workforce
June 9th, 2020 - 08:00 GMT

UAE: Banks to Layoff 10-15 Percent of Workforce

Saudi Arabia Deploys Blockchain Technology for Money Transfers
June 9th, 2020 - 06:05 GMT

Saudi Arabia Deploys Blockchain Technology for Money Transfers

FAB Issues Hkd750 Million Five-Year Green Bond
June 8th, 2020 - 11:00 GMT

FAB Issues Hkd750 Million Five-Year Green Bond

Subhradeep brings over 19 years of diverse and international experience in the banking sector to the AME region
June 8th, 2020 - 10:33 GMT

Standard Chartered Appoints CFO for Africa and Middle East

UAE: Stocks Soar As OPEC+ Extend Oil Cuts Deal
June 7th, 2020 - 10:00 GMT

UAE: Stocks Soar As OPEC+ Extend Oil Cuts Deal

KPMG Report Reveals New Age Banking Trends
June 3rd, 2020 - 11:06 GMT

KPMG Report Reveals New Age Banking Trends

Bank ABC Group Enters Founding Partnership Agreement With Bahrain FinTech Bay
June 3rd, 2020 - 05:48 GMT

Bank ABC Group Enters Founding Partnership Agreement With Bahrain FinTech Bay

Asian Stocks Make Modest Rise After Wall Streets Gains, Economies Reopen
June 2nd, 2020 - 01:00 GMT

Asian Stocks Make Modest Rise After Wall Streets Gains, Economies Reopen

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