Mideast banks move to paperless trade financeThe trade finance sector is gradually moving towards the digitalisation of its processes, according to the International Chamber of Commerce (ICC) 10th Global Survey on Trade Finance. Banks in the Middle East are one of the most positive about t More… |
ME banks set to raise share in transaction revenuesMiddle East banks are set to increase their share of global transaction banking revenues by at least 25 per cent, according to a survey conducted by iGTB, the world’s first complete transaction banking platform. The iGTB Mid More… |
Basel III presents long-term prospects for ME banksBasel III regulations present an opportunity for Middle East banks and regulators to embrace new rules and improve the sector’s asset quality and risk-return profiles, a report said. Complying with Basel III regulations shou More… |
ME banks face IFRS 9 implementation challengeBanks in the Middle East will require three years to implement IFRS 9 (International Financial Reporting Standards) , and will come under pressure with a 2018 effective date, according to a new report. The challenges and consequen More… |
ME banks seize global expansion prospectsBanks which have the experience of operating in volatile markets, combined with their knowledge of how to reach unbanked and under banked population, are better positioned to achieve a successful expansion to developed and other emerging markets More… |
Chesterton ‘working with 35 top ME banks’Chesterton, a leading international property agency, announced that the company is currently working with 35 leading banks in the region for property valuations. “We are delighted to work with 35 leading banks in the region More… |
S Africa bank signs $175 m loan for ME banksThe Standard Bank of South Africa recently signed its debut syndicated 364-day term loan of $175 million targeted at Middle Eastern banks in Dubai. Mashreq was the mandated lead arranger and sole bookrunner of the financing. Al More… |
ME banks ‘could boost income with better CRM’Middle East banks could achieve big hikes in revenue growth and cross-selling through improved CRM (customer relation management) channels, according to a study. In a recent comparative study of Middle East banks and some of the leading in More… |