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    NBB picks TCS BaNCS to power core banking transformation

    03 Apr 2019

    The National Bank of Bahrain (NBB) has selected Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, to provide its TCS BaNCS solution for core banking in line with the Bank’s digital transformation and efforts to diversify its business lines, deliver superior customer experience, and leverage the power of an extended and connected ecosystem.

    BOJ gives first timeframe for super-low interest rates

    25 Apr 2019

    The Bank of Japan (BOJ) told investors for the first time on Thursday it would keep interest rates at super-low levels for at least one more year, seeking to dispel uncertainty over its commitment to ultra-loose policies as the economy comes under fresh pressure.

    Hungary central bank’s inflation index to peak at 3.8 per cent in Q4

    27 Jun 2019

    The National Bank of Hungary’s (NBH) closely watched gauge of lasting price developments, tax-adjusted core inflation, will peak at 3.8% in the fourth quarter and decline from the end of 2019, the bank said in its quarterly inflation report.

    CBUAE enhances NPL reporting

    27 Jun 2019

    The Central Bank of the UAE (CBUAE) is enhancing its reporting of Non-Performing Loans (NPL) for the UAE banking system to align its methodology with international best practices, in consultation with the International Monetary Fund.

    SABB, Alawwal bank finalise merger

    16 Jun 2019

    SABB and Alawwal bank on Sunday created Saudi banking history by legally combining their businesses. Following regulatory and shareholder approvals, the banks have now become a single listed company,

    ADB to provide $3.4b loan to Pakistan

    16 Jun 2019

    The Asian Development Bank (ADB) would provide a loan of $3.4 billion to Pakistan for budgetary support, a Minister has confirmed. The announcement was made by federal Minister for Planning,

    DIB set to acquire Noor Bank

    11 Jun 2019

    Dubai Islamic Bank (DIB), amongst the largest Islamic bank in the world is set to acquire Noor Bank, enhancing Dubai’s position as the capital of Islamic economy and creating the region’s most powerful Shari’a banking group.

    Pakistan signs $375 million syndicated loan with UAE banks

    29 Jun 2019

    The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.

    NBB to provide open banking services

    18 May 2019

    National Bank of Bahrain (NBB) has taken a lead role in evolving the banking industry in the region, by adopting technologies that enable it to deliver new open banking services to its customers. Open banking enables account holders to share their account information

    Australia CB signals rate cut in June as economic growth cools

    21 May 2019

    Australia’s central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the resource-rich economy looked set to join some of its global counterparts in easing financial conditions to boost growth. Lowe also urged the country’s newly re-elected government

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