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The Bank of England asked banks on Monday for information about their readiness for zero or negative interest rates, following up on its announcement last month that it was considering how to take rates below zero if needed.
The total value of fund transfers among the UAE’s banks amounted to Dhs6.307 trillion during the first eight months of 2020, according to the statistics released by the Central Bank of the United Arab Emirates.
The impairment provisions for the eight banks increased by about 103 per cent during the first nine months of 2020 to Dhs16.6 billion, compared to Dhs8.2 billion for the same period in 2019.
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 transaction tax (RETT), with mortgage
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.
The UN Development Programme's proposals to save the banking system include a deposit insurance scheme as well as credit guarantees and loan repayment delay options.
Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank (ADCB) and Commercial Bank of Dubai (CBD),
The amalgamation of 10 public sector banks into four has been working smoothly for the past two months without any heartburns as the employee benefit schemes have been extended to all the employees, said a top official of All India Bank Employees’ Association (AIBEA).
Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.6 billion in the first quarter of 2020, according to data issued on Thursday by the Statistics Centre-Abu Dhabi.
The government is working on a privatisation plan to help to raise money by selling assets in non-core companies and sectors when the country is strapped for funds due to lack of economic growth caused by the coronavirus pandemic.
