Banking bulletins

Arab Bank Group reports net profits of $846.5 million for 2019 30% cash dividends

Arab Bank Group reports net profits of $846.5 million for 2019 30% cash dividends

Arab Bank Group closed 2019 with solid results reporting net income after tax of $846.5 million as compared to $820.5 million in 2018, recording a growth of 3.2%.  Net income before tax grew to reach $ 1.15 billion as compared to $ 1.12 billion in 2018, while Group equity grew to reach $9.102 billion with

Dubai International Financial Centre Launches Seamless Digital Onboarding Platform to Improve Ease of Establishing Business

Dubai International Financial Centre Launches Seamless Digital Onboarding Platform to Improve Ease of Establishing Business New innovative  platform improves efficiency, increases transparency and simplifies the process of setting up a business at the region’s leading financial centre Clients seeking to access the fast-growing MEASA region from Dubai can benefit from a fully digital and transparent

Bank Audi Reinforces Its Financial Positioning Increase in core equity Negotiations to sell Bank Audi Egypt

Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of the Bank’s capital have already indicated their willingness to contribute, a valuable token of their

Bank Audi Reinforces Its Financial Positioning

Increase in core equity  Negotiations to sell Bank Audi Egypt Beirut, January 23, 2020 Increase in Core Equity Bank Audi has started accepting US Dollar denominated cash contributions to capital from its shareholders (holders of common shares), in application of the first stage of Banque du Liban’s circular 532. Shareholders holding the majority of

LGB BANK

LGB BANK SAL announces that it has finalized the increase of its equity through a cash contribution in U.S. Dollars equivalent to 10% of Common Equity Tier One as at 31/12/2018, during the Ordinary General Assembly meeting of shareholders held on 14/01/2020. By this, LGB BANK SAL complied with the terms of BDL Intermediate circular

BLOM Bank S.A.L. – Notice to Shareholders

Increasing the Bank’s Common Equity Tier One Through Cash Contributions to Capital (According to BDL circular no. 532) BLOM Bank S.A.L. (Bank) is pleased to inform its Shareholders that the Extraordinary General Assembly held on January 14th, 2020 at the Bank’s Headquarters approved the terms and conditions of the first increase of the Bank’s Tier

Banque BEMO resumes lending to its clients

Beirut, January  13th 2020: Since the beginning of the economic crisis in Lebanon, Banque BEMO has stayed besides its clients, trying to find the adequate solutions while reducing its global exposure. As the crisis is getting more mature, Banque BEMO has decided to grant loans again. This action comes in line with the Bank’s duties,

Bankmed and IMMS

Bankmed just learned through an article published by Reuters of the filing on 22 November 2019 by IMMS Limited of a lawsuit in New York Supreme Court. Bankmed strongly denies any accusations reported in the media as being included in the lawsuit. The $1 billion deposit is a blocked deposit by instructions of IMMS maturing

Dubai International Financial Centre Celebrates the UAE’s 48th National Day

Dubai, UAE, 28 November 2019: Dubai International Financial Centre (DIFC) celebrated the UAE’s 48th National Day with a series of cultural activities and performances including traditional music and dance reflecting the national values of the UAE. The celebration, widely attended by DIFC’s vibrant and lively community of more than 24,000 professionals, took place against the

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