DOHA: Ahlibank has launched the 2020 Al Rabeh Savings Scheme, giving customers more chances to win valuable cash prizes worth over QR6m. With the Al Rabeh Savings Account, customers have the chance to enter the draw to win the Mega Prize of QR2,022,000 and other monthly cash prizes.

Ahlibank’s Deputy CEO - Business Support Services and Human Resources, Mohamed Al Namla said, “Al Rabeh Savings Scheme provides a safe and secure opportunity"...

DOHA: QNB, the largest financial institution in the Middle East and Africa, announced a new partnership between its Life Rewards Program and the award-winning educational and entertainment concept, the edutainment city KidZania Doha, located in the heart of Aspire Park, of whom QNB is an Official Industry Partner.

QNB’s Life Rewards loyalty program rewards customers from the first time they open their salary account, to maintaining their average"...

Doha: Ahli Bank QSC (ABQK) has recorded a net profit of QR 675.2m for the year ended 2019 with an increase of 1.5 percent over 2018.

The bank’s balance sheet grew by 8.7 percent over December 2018 to QR43.91bn. Loans and Advances increased by 14.8 percent over December 2019, while Investment Securities grew by 27.1 percent over December 2019.

Customer Deposits increased"...

The growth of aggregated total loans and advances of eight listed commercial banks on the Qatar Stock Exchange from June 2019 to September 2019 was mainly driven by a combination of growth in equity, a PwC Qatar report has said.
Burak Zatiturk, PwC Qatar Financial Services Leader, said, “Powerful forces such as customer expectations, technological capabilities, regulatory requirements, demographics and economics are reshaping the banking industry. In order to win in this era of change, banks must not only execute"...

The total assets of Qatar’s eight listed banks on the Qatar Stock Exchange, witnessed an increase by approximately QR83.6bn over the first 9 months of 2019. The banks’ total assets reached QR1.57 trillion as at 30 September 2019, compared to QR1.49 trillion as at 31 December 2018 and to QR1.53 trillion as at 30 June 2019.

PwC Qatar’s second Qatar Banking Sector Report released yesterday, noted that of the total assets as at 30"...

Doha: Ahlibank, a leading Qatari-owned financial institution, has announced that Tawfeeq Travel, one of the leading travel management companies in Qatar, providing expert advice, first-hand travel experiences and quality services will be the newest Ahlibank Credit Card Pearl Rewards Programme partner.

In this new partnership, Ahlibank Credit Cardholders will be able to redeem their pearl points for ticket bookings on any airline of their choice"...

Qatar National Bank’s (QNB) net profit for the year ended December 31, 2019, reached QR14.4 billion ($3.9 billion), an increase of 4 percent when compared with that in 2018.
Total assets increased by 10 percent from December 2018 to QR 945 billion ($259 billion) in December 2019, one of the best set of results in QNB Group’s history.
The Board of Directors have recommended a cash dividend of 60 percent of the nominal share value (QR0.60 per share).
The financial results for 2019 along with the"...

Bank of America reported its fourth-quarter 2019 financial results today. The news release, supplemental filing and investor presentation can be accessed in the following ways:

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200115005410/en/

• Bank of America newsroom at https://newsroom.bankofamerica.com
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Nothing is more important to any nation than the health of its people, and a country which has a populace showing positive signs of wellbeing will always thrive socially and economically. This undeniable fact led to the creation of the Qatar Biobank in 2012, the largest population-based health initiative ever undertaken in the nation.
In parallel with the many developments in the healthcare sector, Qatar Biobank – a member of Qatar Foundation (QF) – is aiding the nation’s contribution to enriching"...

Qatar Central Bank data released yesterday showed a continued growth of the total international reserves in foreign currency of the Qatar Central Bank reaching QR198.4bn by the end of December 2019.

Official reserves consist of four main components, foremost among which are: bonds and foreign treasury bills, deposits and cash balances with foreign banks, central bank holdings of gold, deposits of special drawing rights, and the State of Qatar’s"...