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SAIB to use Wynyard risk management softwareThe Saudi Investment Bank (SAIB), a leading commercial bank in the kingdom, will use risk management software from Wynyard Group, a market leader in crime fighting software, to comply with regulatory environment. Hassan Khalaf Al- More… |
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Saudi bank completes $533m sukukSaudi Investment Bank (Saib) has completed a SR2 billion ($533.3 million) capital-boosting sukuk issue, it said yesterday, the latest lender in the kingdom to offer such an instrument to enhance its reserves. T More… |
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Riyad Bank to arrange SAIB sukukSaudi Investment Bank (SAIB) has picked the investment banking arm of Riyad Bank to arrange a subordinated Islamic bond issue, banking sources said on Thursday, the latest lender in the kingdom to eye a capital-boosting sukuk offering. More… |
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SAIB unveils rewards programmeThe Saudi Investment Bank (SAIB) has launched WOOW, a reward programme for its customers. The bank teamed up with Ketchup Loyalty Marketing to develop the programme, said a statement. Based on the customer's day More… |
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Saudi bank deposits hit $326bn in Q1The total value of deposits made at Saudi Arabian banks reached a new record of SR1.36 trillion ($362 billion) by the end of first quarter of 2013, a report said. Customer deposits at the National Commercial Bank (NCB) reached SR2 More… |
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Top Saudi bank books more bad loan provisionsSaudi Arabia's second-biggest lender Samba Financial Group added more provisions for loan loss during the second quarter, although these fell 41 per cent year-on-year, bourse data showed on Saturday. The much-smaller Saudi Investment B More… |
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SAIB Q3 net profit triplesSaudi Investment Bank (SAIB), which received two rating downgrades in June, said its net profit more than tripled during the third quarter despite a drop in net operating income. The lender said it made SR203 million ($54 million) in the t More… |
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SAIB Q2 profit, deposits declineSaudi Investment Bank (SAIB), which received two rating downgrades last month, said its net profit fell 32.8 percent in the second quarter and showed a rare drop in customer deposits. SAIB is the first Saudi bank to post a decline in depos More… |
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Al Baraka, SAIB scrap shares dealSaudi Investment Bank (SAIB), which received two rating downgrades in June, has said it and Bahrain-based Al Baraka Banking Group, which offers Shari’a-compliant banking services, have agreed to abandon a 2007 share swap deal. "The sharp v More… |
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BNP Paribas, Saudi bank in asset management dealBNP Paribas Investment Partners (BNPP IP) and the Saudi Investment Bank (SAIB) said on Wednesday they were teaming up in a new asset management venture in Saudi Arabia, SAIB BNP Paribas Asset Management. The deal calls for BNPP IP to take, More… |
