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Banking

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023

Bahrain’s GFH Financial Group posts 13.03% jump in Q1 profit

Earnings per share for the quarter was $0.77 compared with $0.72 in the first quarter of 2023

Bank of Sharjah reports net profit of AED80 million in Q1 2024

The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio

Snowdrop, PwC Middle East partner to advance digital banking

Snowdrop’s transaction enrichment API is already gaining recognition in the Middle East region

SocGen to sell Moroccan business for EUR 745 million

The transaction is subject to the usual condition’s precedent, including the approval of the relevant regulatory authorities

UAE financial system more secure, efficient than ever before, says CBUAE

The total number of ATMs of banks operating in the UAE reached 4,654 in 2023

Egypt’s GAFI signs MoU with HSBC to boost foreign investments

HSBC will introduce and connect more international investors to the growing business opportunities in Egypt

Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City

Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study

GFH Financial Group posts $78.9 million in nine-month profit

The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022

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