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Banking & Finance

Ajman Bank posts AED 233 million in H1 2024 net profit

MEA Finance - 0
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion
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Banking & Finance

Ajman Bank launches AccelRight Business Credit Card in partnership with Visa

MEA Finance - 0
Ajman Bank has announced the launch of Ajman Bank AccelRight Business Credit Card in collaboration with Visa. The Memorandum of Understanding between Ajman Bank...
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Banking & Finance

Ajman Bank announces integration with Aani Instant Payment Platform in collaboration with Al Etihad Payments

MEA Finance - 0
In a groundbreaking collaboration with Al Etihad Payments (AEP), a subsidiary of the Central Bank of the UAE (CBUAE), Ajman Bank has announced its...
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Banking & Finance

Ajman Bank partners with Magnati to enhance the digital payment capabilities of its corporate and business banking clients

MEA Finance - 0
Ajman Bank has entered into a strategic partnership with Magnati, a leading payment solutions provider, to enhance the digital payment capabilities of its corporate...
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Banking & Finance

Fitch affirms Ajman Bank’s ratings at ‘AA+’, outlook ‘stable’

MEA Finance - 0
The bank’s rating is driven by potential support from the UAE authorities if needed, as reflected in its government support rating of “bbb+”
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Appointments

Ajman Bank appoints new Group Chief Financial Officer

MEA Finance - 0
Ajman Ban announces the appointment of Ediz Ozsoy as the new Group Chief Financial Officer (CFO). This strategic move is aimed at further strengthening...
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Banking & Finance

Ajman Bank launches real estate subsidiary Skyrise Properties

MEA Finance - 0
The new company is set to complement the bank’s core business offerings, with a range of services including property management
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Banking & Finance

Ajman Bank’s AED 550 million rights issue oversubscribed

MEA Finance - 0
The rights issue will strengthen the capital base of the bank and the share capital will be increased to AED 2.7 billion
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Editors pick

Ajman Bank to Launch World’s First Mastercard Touch Card, Driving Inclusion

MEA Finance - 0
Mastercard and Ajman Bank have strengthened their commitment to inclusion through a new initiative designed to expand access to the digital economy. The world-first...
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Banking & Finance

Ajman Bank provides Arada with AED152 million in financing for Sharjah megaproject Aljada

MEA Finance - 0
Ajman Bank has signed a financing agreement with local developer Arada that will provide AED152 million to finance the construction of two key projects...
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