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International banks to switch to Saturday-Sunday weekend in UAE

19 Dec 2021

Deutsche Bank AG, JPMorgan Chase & Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the UAE, which is aligning its working...

UN warns of ‘colossal’ collapse of Afghan banking system

22 Nov 2021

Gulf Today Report The United Nations on Monday pushed for urgent action to prop up Afghanistan's banks, warning that a spike in people unable to repay loans, lower deposits...

China August new bank loans rise to $189.5 billion, miss forecast

10 Sep 2021

New bank lending in China rose less than expected in August from a nine-month low seen in the previous month, as investors debate over whether more stimulus is needed...

India to ask state-run banks to expand lending to boost demand

25 Aug 2021

India is planning to ask state-run banks to reach out to every district to expand lending to boost demand in the economy, the finance minister said, a move that comes...

China bank loans fall to 9-month low, modest policy easing expected

11 Aug 2021

China’s new bank loans fell more than expected in July to their lowest in nine months while broad credit growth hit a 17-month low, adding to market expectations that modest...

Japan bank lending deposits rise despite pandemic problems

12 Jan 2021

Japanese bank lending continued to rise in December to hit a fresh record, data showed on Tuesday, as companies kept piling up cash to weather the fallout from the coronavirus...

Hong Kong’s online banks to offer business loans, fund management

24 Dec 2020

Hong Kong’s new online-only banks plan to venture into business lending and wealth management, seeking more lucrative avenues beyond basic savings accounts and transfer services, senior executives said. Eight such...

Saudi banks remain resilient amid pandemic, backed by new regulations

15 Dec 2020

KPMG Q3, 2020 Saudi banking sector analysis report records the sector experiencing a range of regulatory changes, including the value-added tax (VAT) reforms and the institutionalization of the real estate...

UAE announces debt exemption worth Dhs869.85m for 1,607 Emiratis

30 Nov 2020

The Non-performing debt Relief Fund announced on Monday that 12 banks had waived the debts of 1,607 Emirati citizens, with a total value of more than Dhs869.85 million. The...

Assets of four largest national banks hit Dhs2.36 trillion mark

01 Nov 2020

Abeer Abu Shamala The total value of assets of the four largest national banks in the country increased by about 10 per cent by the end of the first...

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