Dubai-based Mashreq Bank reported a net profit of Dh1.9 billion ($520 million) for the year ending on December 31, 2016.
Witnessing a stable growth, Mashreq’s operating income rose 3.2 per cent year-on-year to Dh6.2 billion
Mashreq, UAE’s leading financial institution, said it has become the first bank in the region to offer customers early access to Samsung Pay – a best in class and secure mobile payment service that works as a contactless credit or de
Mashreq, the UAE’s leading financial institution, has introduced its chatbot – UAE’s First ‘Mashreq Bot’; an Artificial Intelligence agent – programmed to simulate an intelligent conversation with users.
SAS, a leader in analytics, has signed a strategic partnership UAE’s Mashreq, to automate the bank’s entire marketing campaign management infrastructure across key markets including Egypt, Qatar, Kuwait, Bahrain and the UAE.
Mashreq, Dubai's third-biggest lender by assets, posted on Wednesday a 16.1 percent fall in second-quarter net profit as impairments for bad debt more than doubled and fee and commission income edged lower.
Against a backdrop
Mashreq, Dubai's third-biggest bank by assets, said on Thursday the chief executive of its investment unit, Abdul Kadir Hussain, has resigned.
Hussain, who was chief executive of Mashreq Capital and Mashreq's head of asset
Mashreq, Dubai's third-biggest lender by assets, on Sunday posted a 18.3 percent fall in first-quarter net profit as it failed to recoup as many bad debts as it did in the corresponding period of last year.
The lender made a n
Bahrain achieved major success when seven of its highest quality projects were named national winners at the Meed Quality Awards for Projects, in association with Mashreq, said a report.
Bahrain’s national winners, whose com
Mashreq, one of the leading financial institutions in the UAE, said it has maintained a steady performance in 2015 amid difficult market conditions with a solid net profit of Dh2.4 billion ($653 million) over the previous year.
Mashreq, Dubai's third-biggest bank by assets, posted a 13.7 percent fall in fourth-quarter net profit on Wednesday.
The lender made a net profit of Dh556.2 million ($151.45 million) in the three months to Dec. 31, it said in