Banking bulletins

United Arab Bank chooses Finastra to power digital transformation

United Arab Bank chooses Finastra to power digital transformation

Finastra will help the bank modernize its retail and corporate offerings and drive growth Dubai, United Arab Emirates, November 14, 2019, Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers. The bank has selected Finastra’s

BANKMED LAUNCHES FIRST DEPLOYMENT OF DN SERIESTM IN LEBANON

Diebold Nixdorf’s new, integrated ATM solution with cash recycling provides increased efficiency, functionality and security BEIRUT and NORTH CANTON, Ohio – Diebold Nixdorf (NYSE: DBD), a global leader in driving connected commerce for the banking and retail industries, announced today that Bankmed is the first to deploy its new DN SeriesTM self-service solution in Lebanon.

BLOMINVEST BANK Celebrates the Winners of the 2ndNational Virtual Stock Exchange Competition

BLOM BANK, October 15, 2019 – BLOMINVEST BANK celebrated the winners of the second edition of the National Virtual Stock Exchange (VSE) Competition and announced a new partnership with the Capital Market Authority (CMA) to help nurture an educated investor-base in Lebanon, on Thursday September 26, 2019 during a gala dinner held in Hilton Downtown

BBAC and MIGA sign an agreement marking the first-ever issuance of MIGA’s capital guarantee in the MENA region

Beirut, October 14th, 2019:  BBAC (Bank of Beirut and the Arab Countries) recently announced that MIGA (The Multilateral Investment Guarantee Agency), a member of the World Bank Group, has issued 67 million USD in guarantees to the bank to facilitate financing for Small and Medium–sized Enterprises (SMEs) by increasing its loan portfolio across BBAC branches

It’s Drive Time! Bankmed Partners with Medco

Beirut, October 8, 2019: In line with its continuous efforts to strengthen relationships with its clients, Bankmed has announced its partnership with MEDCO, the largest and oldest petroleum network in Lebanon .     This partnership enables the Bank’s cardholders to get a one percent “Drive Time” as a cashback reward every time they use their credit

Credit Libanais opens a new branch in Ghazir

In line with the Bank’s expansion strategy, Credit Libanais announced the opening of its 72nd branch in Ghazir region, to further strengthen its presence in all the Lebanese regions and to better cater to the needs of customers.    This new full-service branch, located in a vital area, will offer all of the Bank’s competitive

BBAC is one of the first Lebanese banks in Cyprus to apply the PSD2 on its newly launched Digital Banking Platform

In its constant aim to boost customers’ banking experience, BBAC has recently launched a new Digital Banking Platform for its customers in Cyprus. With a fresh look and feel and innovative features and functionality, the platform also supports EU’s Revised Payment Services Directive (PSD2) – a directive aimed at providing increased flexibility and security to

Banque BEMO unveils “MILLA”

A large scale mural painting taking the Lebanese to a “Voyage” of a lifetime Beirut, October 4, 2019: In a one-of-a-kind initiative aligned with its policy in supporting art, Banque BEMO unveiled the large scale mural painting entitled “MILLA” in Achrafieh, Sassine on October 3, 2019. In collaboration with Art of Change, an organization committed

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