Monday 22 December 2014
 
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Retail banking

Islamic banking: The three keys to new growth

The global Islamic finance industry is estimated to be worth $1.3 trillion and is growing at a rate of between 15 per cent and 20 per cent per year. However, growth comes at a cost. Many Islamic banks haven’t had the time to develop a true

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BAB releases retail banking guide

Bahrain Association of Banks (BAB) has announced the release of 'The Handbook of Retail Banking,' billed as an essential guide to the retail banking industry in Bahrain. The handbook takes a practical look at retail bankin

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United Arab Bank names retail head

United Arab Bank (UAB), a leading bank in the UAE, has appointed Tony Graham as head of Retail Banking. Graham has over 15 years’ experience as an international banker. Prior to his appointment, he was head of Contact Centre

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Barclays to sell UAE retail bank after review

Barclays has decided to sell its retail banking operations in the United Arab Emirates after conducting a review of the business, the British lender said on Tuesday. The potential sale may impact up to 280 employees, a source fami

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HSBC to cease wealth products in 3 ME countries

HSBC Holdings will stop offering wealth management products in Bahrain, Jordan and Lebanon as the British lender continues to exit small or insufficiently profitable operations globally as part of a strategic review, the bank said.

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GIB planning major regional expansion

Bahrain-based Gulf International Bank (GIB), one of the longest established financial institutions in the kingdom, has unveiled plans to expand across the region by launching a retail banking network. The investment bank plans to

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Gulf Bank names GM Consumer Banking

Kuwait-based Gulf Bank has announced the appointment of Vikram Issar as general manager of Consumer Banking. Issar, who joined the bank last month, was previously with Standard Chartered Bank in Singapore where he was chief operat

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Mashreq hosts expert to boost retail ops

Mashreq, one of the UAE’s leading financial institutions, recently hosted service guru Ron Kaufman in a staff event as part of the bank’s efforts to achieve service excellence in its retail operations. Ron Kaufman is a

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GCC retail banking focus for briefings

EFMA, a leading non-profit retail banking association, and consultancy Oliver Wyman have organised senior briefings with banking executives in Dubai and Doha to discuss the opportunities and threats for retail banks in the GCC. Th

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ENBD ‘favourite to buy BNP Paribas' Egypt arm’

Emirates NBD, Dubai's largest bank, has emerged as the frontrunner to buy BNP Paribas' Egyptian retail business, three sources familiar with the matter said, in a deal likely to raise $400-500 million for the French lender.

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