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updated Sat. March 17, 2018

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When the Commercial Bank of Dubai (CBD) was created by an Emiri decree in 1969, the UAE was not yet an independent nation and Dubai was still very much a small Gulf port at the very beginning of its meteoric rise to become one of the world's foremost global hubs. But, as Dubai and the UAE ...
Manama, Kingdom of Bahrain: Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in the Kingdom of Bahrain, has announced the appointment of Mr. Sattam Sulaiman Al Gosaibi as CEO of the bank effective from the first of April, 2018. On this occasion, the Board of Directors of KHCB are ...
There is but one commercial bank that has publicly declared it does track the central bank rate almost point by point upwards or downwards. Why do many banks tend not to reduce your loan repayment even when the central bank rate has been going only down for some time?
The Federal Reserve on Tuesday said one of the world's biggest banks, Industrial and Commercial Bank of China, had "significant deficiencies" in risk management and compliance with U.S. anti-money laundering laws. In a cease and desist order, the Fed and ICBC agreed to a series of steps to improve ...

Public joint-stock commercial bank Primorye's (MISX:PRMB) profitability and risk are largely affected by the underlying economic growth for the region it operates in RU given it is a small-cap stock with a market capitalisation of RUРУБ3.20B. A bank's cash flow is directly impacted by economic growth as it ...
China's banking regulator has ordered shareholders that have acquired more than 5 per cent stakes in commercial banks through the use of financial products like insurance and asset management schemes to reduce their holdings within a year. The regulation, dated February 2 but made public late on ...
Siam Commercial Bank Pcl, Thailand's oldest homegrown lender, plans to roll out a robo-adviser service developed by its artificial intelligence unit as the country's lenders belatedly embrace disruptive technology. The unit, SCB Abacus, has wooed about 30 Thai technology experts from companies abroad ...
Bulgaria's special criminal court was unable on February 14 to start proceedings in the trial related to the collapse of the Corporate Commercial Bank, an expected outcome in what is shaping up as one of the most complex and high-profile cases in the country's recent judiciary history. Previous hearings in ...
Madrid: Jaime Caruana, the former general manager of the Bank for International Settlements and ex-governor of Spain's central bank, has been nominated for a place on the board of directors of Spanish commercial bank BBVA. An announcement by Spain's national stock market commission says the ...
Members of the the Enugu State House of Assembly, Tuesday, slammed commercial banks over what they called unwarranted charges being imposed on customers. This was sequel to a motion moved at plenary by the sponsor, Rt. Hon. Chinedu Nwamba representing Nsukka East Constituency, which ...
Matt Frankel: A commercial bank is one that looks like what you normally think of as a bank. A bank's primary business focus is to take in deposits from customers and make loans to other customers and profit from the spread in between those. commercial banks also engage in some other activities, such as ...
In this Industry Focus: Financials clip, host Michael Douglass and banking specialist Matt Frankel take a closer look at commercial banks, discussing heavyweights Wells Fargo (nyse: WFC) and U.S. Bancorp (NYSE: USB) . Watch the video below to learn what a commercial bank is, and how these ...
To promote employee health and wellness, a diabetes risk assessment station was made available on at Commercial Bank Plaza on Monday. Run by a medical team from the Qatar Diabetes Association (QDA), staff underwent a number of simple tests including taking body measurements, blood pressure ...
The shilling edged up against the dollar on Monday, remaining close to its highest level in more than 19 months, mainly due to portfolio flows and reduced political risk. At 0606 GMT, commercial banks quoted the shilling at 100.70/90 per dollar, compared with 100.85/101.05 at Friday's close. investors ...

LUANDA, Feb 12 (Reuters) - Angola's central bank said on Monday it was the sole responsibility of commercial banks to sell foreign currency to the public and that it would sell forex only to large importers of essential goods. The southern African nation in January abandoned the kwanza's peg to the U.S. ...
As with each month, another 29 winners were announced for the first month in 2018 at Commercial Bank's Landmark Mall branch, bringing the total number of cash prize winners to 149 selected by electronic draw, five customers won QR10,000, while 10 customers won QR5,000 and fourteen customers ...
Commercial Bank EGM, consumer Banking Amit Sah said: "Corporate Social Responsibility is an integral part of our business and Commercial Bank promotes and encourages activities that contribute positively to the health and well-being of the Qatari community. Doha College's Spring Fayre is an ...
Dubai-based bank Commercial Bank International expects 5 per cent loan growth this year as the UAE's economy turns the corner amid higher oil prices and demand for debt increases, its Chief Executive Officer said. "I think 2018 has the potential to be slightly better than 2017 if only because we are seeing ...
Metropolitan Commercial Bank Vice President and Relationship manager Ralph Ventura (center left) and Vice President and market Sales Manager George Lotto (center right) donate winter coats collected during the Bank's holiday season 2017 coat drive to Long Island Cares' Chief Executive Officer ...
A list of commercial banks was published in the Monday, February 12, 2018 issues of the Fairfield and Westchester County Business Journals. The list contains a sampling of commercial banks that are located within Westchester and Fairfield counties and the surrounding region. Click the links below to ...
Following the central bank of Nigeria (CBN) directives to commercial banks to make forex available for retail transactions, the bankers' committee says commercial banks will no longer charge customers commission on retail foreign exchange transactions. Retail Forex transactions include purchase of ...
KAMPALA, Uganda--Financial institutions offering financial agricultural credit under the Agricultural Credit Facility have been advised to create more awareness about the facility to the public to enable farmers take up the credit. The Executive Director finance at the Bank of Uganda, David Kalyango told ...
Effective January 1st, 2018, commercial banks are now operating under new financial regulations IFRS 9. Outstanding in the new regulations is the requirement to provide funds in advance to cover for expected losses in the accounts. While this may make the banks more secured against losses, it just might ...
This comes as banks increased their profitability in 2017, according to the latest economic review by the Governor of the central bank of Barbados, Cleviston Haynes. He said that the 2.7 per cent increase in the lending is the highest since 2012. It comes as the average lending rates at commercial banks ...
Commercial Bank Group CEO Joseph Abraham said: "Commercial Bank is proud of our Qatari heritage and being the go-to local bank for the full spectrum of Qatari banking needs. "Qatari nationals who are ambitious, innovative and share our entrepreneurial vision stand to have a great career at ...
Commercial Bank International's annual profit rose 40 per cent in 2017, as revenues from wholesale and retail banking grew and as the bank cut costs and reduced non-performing loans. Net income at the Dubai-based bank increased to Dh175 million in 2017 versus Dh125m in 2016, it said in a statement, ...
As for the banking indicators for commercial banks as of November 2017, the bulletin said the ratio of broad money and clearance to deposits in riyals stood at 7.7 per cent. The ratio of combined money and clearance to gross deposits was at 6.8 per cent, while total percentage of loans to the deposits stood ...
Doha: To celebrate Sri Lanka's 70th Independence Day, Commercial Bank has announced a special offer for money transfers made to bank accounts in Sri Lanka, using Commercial Bank's simple, secure and convenient Mobile and Internet Banking service. This online remittance service is available for ...
Muscat: Private deposits in commercial banks in the Sultanate have registered a rise, according to latest central bank data. ... As for the banking indicators for the commercial banks as at the end of November 2017, the bulletin said that the broad money and clearance to the deposits in rials was 7.7 per cent.
Regulators were unaware of the fraud for years and it only came to light when a small bank more than 3,000km away on the border of North Korea, the Jilin Jiaohe Rural Commercial Bank, reported that it had invested billions of yuan into wealth management products at the Wuwei branch and later found ...
Muscat: Private deposits in commercial banks in the Sultanate have registered a rise, according to latest central bank data. ... As for the banking indicators for the commercial banks as at the end of November 2017, the bulletin said that the broad money and clearance to the deposits in rials was 7.7 per cent.
Commercial Bank head of consumer Banking Amit Sah said, "I wish all Sri Lankans a happy Independence Day. Sri Lankans can send money home at any time with funds being credited almost instantly through our innovative digital platforms and to celebrate Sri Lanka's 70th Independence Day.
Karachi: Although Pakistan's foreign exchange reserves are depleting fast mainly due to the increasing import bill, interestingly, the dollar reserves held by commercial banks are showing the opposite trend as people are converting their savings into the greenback to avoid adverse impact of further rupee ...
Commercial Bank of Dubai announced the appointment of Khaled Rasheed Al Hammadi as its new Head of Sales and Distribution. The appointment is in line with the Bank's Emiratisation strategy. Al Hamadi has more than 20 years of experience in the financial industry. In his new position, he will be ...
Responding to questions from Opposition MPs in the House of Representatives, Imbert said credit card purchases using cards issued by commercial banks in TT, amounted to $1.2 billion last year. "One of the largest consumers of foreign exchange is the importation of motor cars." After reminding MPs that ...
The State Bank in a letter to the joint investigation team formed to probe the rape and murder of Zainab, confirmed that suspect Imran Ali had no commercial bank accounts. "All commercial banks have informed that they have searched their databases and found no account of the accused against the said ...
The FINANCIAL -- The volume of lending by commercial banks (including loans to non-residents; excluding Credo Bank) in December 2017 increased by 133.7 million GEL or by 0.6 percent compared to the previous month (exchange rate effect excluded volume of lending increased by 3.5 percent) and ...
"All commercial banks have informed that they have searched their databases and found no account of the accused against the said CNIC," the letter ... Khan said, adding that the State Bank of Pakistan (SBP) had confirmed that no foreign currency commercial bank accounts of the accused were found.
The FINANCIAL -- As of January 1, 2018, the banking sector in Georgia is represented by 16 commercial banks, including 15 foreign-controlled banks. In December 2017, compared to the previous month, the total assets of Georgian commercial banks increased (in current prices) by 35.5 million GEL (or by ...
Scheduled commercial banks (SCBs) may need up to Rs 89,000 crore towards incremental provisioning for advances while transiting to the Indian Accounting Standards (Ind-AS) 109 regime, says India Ratings and Research. Of this, public sector banks would need Rs 63,100 crore, which is equivalent to ...
commercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, which is 1.3 times more than in 2016, the central bank of ... Currently, the banking system of Uzbekistan is represented by 28 commercial banks, including three state-owned banks, 12 joint-stock commercial ...
Bulgaria's special criminal court was unable on January 23 to start proceedings in the trial related to the collapse of the Corporate Commercial Bank, an expected outcome in what is shaping up as one of the most complex and high-profile cases in the country's recent judiciary history. A previous hearing on ...
#commercial banks should not be viewed as employment centres, the central bank's governor instead arguing that the job creation focus must be placed on the international sector. #John Rolle, addressing the Rotary club of East Nassau, said Bahamas-based banks must become more efficient or ...
Commercial Bank recently hosted its key Sadara members to build customer relationships and thank them for their loyalty at a dinner held for female clients in ... Commercial Bank AGM, head of Sadara wealth management, Bouchra Sebbata, said: "It's been more than 40 years since Commercial Bank was ...
Beijing, Jan 19 (Reuters) - Chinese commercial banks' upper limit on yuan cross-border financing will be determined by their outstanding deposits and a countercyclical factor, the central bank said on Friday. The adjustment aims to promote healthy development of cross-border yuan services and ease ...
Chief Executive Officer of Energy Commercial Bank, Christiana Olaoye for her part said "We have re-positioned the bank to offer retail and commercial banking customers through new product offerings targeted at their peculiar financial needs, and through offering advisory support services. We are focused ...
Kuala Lumpur: The Association of banks in Malaysia (ABM) yesterday said loans approved by its member banks are assessed stringently and in accordance to their internal approving guidelines and procedures. In response to a recent article published by an online portal titled, "Easy access to loans ...


 

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