Doha
Commercial Bank (CB) is expected to raise funds worth $2 billion through various sources in 2019, the bank’s top executive has said.
“We have approximately $2 billion of maturities this year and we will renew and replace them with fresh issuances or other forms of debts as required by our businesses,” Commercial Bank Group CEO Joseph Abraham told Qatar Tribune.
“The bank will most probably start the fund raising process from the second or the third quarter of this year,”"...

Commercial Bank shareholders gave their approval for the bank to increase the limit of an existing Global Commercial Paper and Certificates of Deposit (CP / CD) programme from $800m up to $5bn. The bank’s annual general meeting (AGM) held yesterday gave nod to go for a new Global Medium Term Notes (GMTN) programme for up to $2bn; and the issuance of debt notes for up to $2bn under an existing $5bn Euro Medium Term Notes (EMTN) programme.

The"...

Barwa Bank, having recently launched its mobile banking application, will soon launch its Point of Sale (POS) product this year as part of its long-term strategy towards digital transformation, Barwa Bank Group CEO Khalid Al Subaie (pictured) has said.

Talking to The Peninsula on the sidelines of the 5th Doha Islamic Finance Conference which concluded on Wednesday, Al Subaie said the new digital services will create efficiency and customer satisfaction"...

Doha
Commercial Bank (CB) on Wednesday got nod from shareholders to increase the limit of an existing Global Commercial Paper and Certificates of Deposit (CP/CD) programme from $800 million to $5 billion.
The bank also got nod to issue a new Global Medium Term Notes (GMTN) programme for up to $2 billion and debt notes for up to $2 billion under an existing $5 billion Euro Medium Term Notes (EMTN) programme.
The bank’s annual general meeting (AGM) also got approval from shareholders to distribute a"...

FinTech will radically improve the financial health of the people of the Gulf through access to next-generation banking services, says Mr. Simon Galpin, Managing Director of Bahrain Economic Development Board. He was speaking at Finnovex ME 2019, a one-day conference on financial innovation and excellence, held in Dubai.

“FinTech holds the strongest potential to impact the ME economy with the potential of open banking to transform the services"...

Doha
Loans provided by commercial banks operating in Qatar increased 3.64 percent to QR966.52 billion ($265.51 billion) in February 2019, compared to QR932.56 billion ($256.18 billion) in the same month a year earlier.
According to the recent data released by Qatar Central Bank (QCB), the year-on-year growth in loans was supported by an 11.37 percent increase in credit facilities offered to the private sector which rose to QR595.39 billion in February, against QR534.59 billion in the same month of 2018.
"...

DOHA: Doha Bank received the “3G Financial Services Award 2019” at the Global Good Governance (3G) Awards 2019 Ceremony hosted by Cambridge Financial Advisory at Pullman Hotel, Jakarta, Indonesia. Fazlur Rahman bin Kamsani from Doha Bank Singapore representative office received the award. Institutions and individuals from world over, from Government & Politics, Corporate Sector and Social Sector & Philanthropy participated in the awards ceremony.

On"...

Qatar banned the United Arab Emirates’ biggest bank from growing its business in the country amid an investigation into the potential manipulation of its currency.

First Abu Dhabi Bank PJSC ‘failed to comply with an order of the QFC Civil and Commercial Court to produce an affidavit demonstrating its preservation of documents relevant to an ongoing regulatory investigation into potential manipulation of the Qatari riyal,’ the Qatar"...

Doha
Qatar National Bank (QNB) Group recently won two key honours at the “Arab Banks Digital Excellence 2018” awards ceremony held in Tunisia recently.
QNB won the “Best Mobile Banking Application” and “Best Digital Bank in the Arab Gulf Region” at the award ceremony, the bank said in a statement on Saturday.
The event organised by the Union of Arab Banks (UAB) and the Arab Information and Communication Technologies Organisation (AICTO), was attended by numerous diplomatic,"...

Barwa Bank Group yesterday convened its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM), and approved all the items on the agenda of the meetings, including the Board’s recommendation to distribute cash dividends of 15 percent of the nominal value of the shares (QR1.5 per share).

The Group reported a strong growth in its net profit for 2018 which rose to QR765m, and earnings per share reached QR2.58. The AGM, which was"...