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    ECB’s VP says mergers can help in improving banks’ profitability

    19 Oct 2020

    The European Central Bank’s (ECB’s) vice president called on Monday for further consolidation and cost reductions by eurozone banks to improve battered profitability.

    India to waive certain interest levies on loans in major relief

    03 Oct 2020

    In a major relief to thousands of individuals and MSME borrowers, the India’s central government in an affidavit informed the Supreme Court that it has taken a decision to waive ‘interest on interest’ (compound interest)

    ‘UAE consumer banking demands changing’

    05 Oct 2020

    The expectations of consumers across the United Arab Emirates in the banking sector is rapidly evolving, even more so with the pervasiveness of the COVID-19 crisis, according to new research announced on Monday by Boston Consulting Group (BCG).

    BOJ slashes economic growth and inflation forecasts for current year

    29 Oct 2020

    The Bank of Japan (BOJ) trimmed its economic growth and inflation forecasts for the current fiscal year (2020-21) on Thursday but offered a more upbeat view on the recovery outlook, signalling that it has delivered enough stimulus for the time being.

    Abu Dhabi banks’ income is Dhs9.55 billion

    16 Oct 2020

    Commercial and Islamic banks operating in Abu Dhabi recorded a total net income of around Dhs9.55 billion in Q2 of 2020, according to data issued by the Statistics Centre-Abu Dhabi (SCAD).

    AD Police warn bank clients against allowing strangers to use their bank accounts for contraband trade

    13 Mar 2021

    The Anti-Narcotics Directorate of the Criminal Security Sector at Abu Dhabi Police has warned the public against opening bank accounts in their names and authorising strangers to administer them.

    Islamic Development Bank Group signs financing deals worth $5.4b

    14 May 2023

    The Islamic Development Bank (IsDB) Group concluded on Saturday its annual meetings held under the auspices of the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud

    UAB issues $150m instrument

    09 Apr 2023

    United Arab Bank (UAB) has announced the successful issuance of its $150 million Additional Tier 1 (AT1) capital instrument which recently concluded through a private placement

    Over $68 billion withdrawn from Credit Suisse ahead of UBS takeover

    24 Apr 2023

    It also said it had experienced significant withdrawals of cash deposits as well as non-renewal of maturing time deposits. Customer deposits declined by 67 billion Swiss francs in the first quarter.

    Barclays Bank, which opened the world’s first ATM, gets UK heritage status

    10 Apr 2023

    The Enfield branch in London has been added to the National Heritage List of England, for its exotic architectural design. The list is a roster of the nation’s most prestigious historic buildings and sites.

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