Emirates NBD, a leading banking group, has announced that it has received all requisite approvals for its landmark acquisition of a majority controlling stake in India’s RBL Bank Limited (RBL) with the approval of the Government of India for the deal.
National Bank of Bahrain (NBB) has reported a net profit attributable to shareholders of BHD20.6 million ($54.6 million) for the first quarter ended March 31, 2026, representing a 27% decrease from BHD28.1 million ($74.5 million) reported in the first quarter of 2025 or a 2% increase from the normalised 2025 profit of BHD20.2 million ($53.6 million).
Bank ABC (Arab Banking Corporation) today delivered a resilient start to 2026, reporting a first quarter net profit attributable to the shareholders of the parent of $52 million.
Sharjah Islamic Bank (SIB) today announced the successful completion of its AED2.59 billion ($705.24 million) rights issue, which saw an oversubscription of 3.2 times.
Even as AI spending surges, few banks have established the necessary governance and guardrails – and nearly half misjudge their own AI readiness, says a study.
Mashreq Bank, one of the leading financial institutions in the MENA region, has delivered a strong first-quarter performance, with operating income growing to AED3.4 billion ($925.8 million) and net profit before tax increasing to AED2.3 billion ($626.28 million).
Qatari banks had strong capital and liquidity buffers, as well as provision coverage, before the Iran conflict, and asset-quality metrics were sound. But the country's banking sector operating environment could weaken under adverse scenarios for the Iran conflict, warned a top Fitch official.
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has reported an operating profit of AED1.1 billion ($299.52 million) for the quarter ending March 31, 2026, 7% growth over the same period last year.
Emirates NBD, in line with the resilient operating environment in the UAE, reported a profit before tax of AED8.2 billion ($2.23 billion) for the first quarter of 2026, up 6% yoy, driven by strong balance sheet growth, resilient margins and record non-funded income growth.
ADCB, a leading UAE banking group, has delivered record profit before tax of AED3.781 billion ($1.03 billion) in Q1’26, up 30% year on year, extending profit growth track record to 19 consecutive quarters.
