Saturday 26 May 2018
 
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Retail banking

CBI 2017 net profit surges 40pc to $47.6m

Dubai-based Commercial Bank International (CBI) has posted a net profit of Dh175 million ($47.6 million) for 2017 as compared to Dh125 million in the previous year, marking an increase of 40 per cent. This was due to a 7 per cent

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CBI appoints head of Retail Banking

Commercial Bank International (CBI), a UAE bank headquartered in Dubai, has announced the appointment of Shaker Zainal as the head of Retail Banking. A seasoned Emirati banking executive with almost 20 years of experience in retai

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Tech firms now banking sector’s biggest disruptors

Until recently, traditional retail banks were betting on nimble fintechs to up-end the industry.  However, established technology firms – Amazon, Apple, Tencent and others – have emerged as the bigger, more immediate threat to r

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DIB named UAE’s strongest Islamic retail bank

Dubai Islamic Bank, the UAE’s largest shariah compliant bank, was named the ‘Strongest Islamic Retail Bank’ in the UAE at the recently held Islamic Retail Banking Awards. Organised by Cambridge IF Analytica, the

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Retail banking could hit $405bn on digital value

Retail banks have the potential to realize $405.3 billion from 2015 to 2017 as the Digital Value at Stake (VaS), a report said, adding that key digital solutions drive more than 90 per cent of the value for retail banks. Yet, in 2

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Saudi Arabia: Well banked, but low loan take-up

While the current account penetration in Saudi Arabia’s retail banking sector is high at 98 per cent, only 25 per cent of consumer banking customers have a personal loan, Morgan Stanley said in a research paper. The low use

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StanChart eyes wealthier customers in retail revamp

Standard Chartered will shift its retail bank's focus from mass market to affluent customers and urge more customers online as part of a broader turnaround strategy for the lender, a senior executive told Reuters. StanChart

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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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