The Bahrain-based Islamic retail lender
won the award following a comprehensive selection and review process that was conducted by a committee of high-level economists and banking professionals, as well as the research department of the Union of Arab Banks (UAB) and the WUAB, a prominent Arab forum patronised by Arab leaders of economics and finance, as well as influential bankers, experts, business leaders, professionals and entrepreneurs.
The new entity will become the second largest retail lender
in the UAE by assets and will control a 21 percent share of retail loans in the region.
Hellenic Bank, claiming to be the biggest retail lender
after taking over the good operations of the Cyprus Co-operative Bank earlier this year, reported a record after-tax profit of EUR 295.9 mln for the nine-month period, driven mainly by the 'negative goodwill' of EUR 297.9 mln tied to the deal.
Mr Mwangi fashioned Equity as a mass market retail lender
with no monthly charges on bank customer accounts, zero minimum operating balance, ledger fees or account maintenance fees.Equity, a former building society, focused on attracting customers with small deposits who were previously ignored by big banks.
Bahraini retail lender
BMI Bank has signed a strategic agreement with Gulf Air, offering its customers preferential pricing on the national airline's tickets and discounted lounge access when they pay using their credit or debit cards.
owned by Royal Bank of Scotland Group Plc., including comments he made in an Oct.
“LP Innovations is the leading provider of loss prevention solutions across all retail verticals, and our new relationship with Salus, the most active asset-based retail lender
, provides opportunities for us to deliver our proven loss prevention solutions to their portfolio of national and regional companies.
CBA is Australia's largest retail lender
with over 16,500 staff serving 10 million customers.
Manama, Sep 8 (BNA) -- Bahraini retail lender
BMI said its board members have reached an agreement with Al Salam Bank-Bahrain, a dynamic, diversified and differentiated Islamic bank, to merge the two entities through a share swap deal.
Ceska Sporitelna AS, the Czech unit of Austria's Erste Group Bank AG (EBS.VI) (NASDAQ: EBKDY) and the biggest Czech retail lender
in client numbers, has said that its net profit for the first quarter has increased by 21 percent to CZK3.80bn (EUR234.5m), up from CZK3.15bn in the same period a year earlier.
Rating agencies have downgraded Bahrain and several banks, while retail lender
Bahrain Islamic Bank postponed a planned $143 million rights issue.