The total value of national banks’ assets rose by around 0.7 per cent on a monthly basis in July to Dhs2.8 trillion, up from Dhs2.78 trillion by the end of June 2020.
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 nine months of this year, to reach Dhs2.36 trillion, compared to Dhs2.14 trillion at the end of the same period in 2019.
Canadian banks are warning of a rise in credit impairments over the next year as the unwinding of government aid and loan deferral programmes in coming months expose lenders to the real damage to customers from the coronavirus crisis.
Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades.
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 pandemic. Outstanding loans held by the country’s four main categories of banks,
Australia on Monday announced the country’s consumer watchdog would investigate mortgage pricing after the country’s largest banks refused to pass on recent interest rate cuts in full.
Dubai Economy, along with Emirates NBD, Emirates Islamic, HSBC, RAKBANK, Abu Dhabi Commercial Bank (ADCB) and Commercial Bank of Dubai (CBD),
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 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).
Hub71 has collaborated with two leading banks, Mashreq Bank and First Abu Dhabi Bank, to help identify and solve the pain points faced by startups. This follows the launch of Hub71’s White Paper which explored the challenges that startups face when opening a UAE bank account.