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Banking & Finance

CBQ net profit lowers 3% in second quarter
Commercial Bank of Qatar (CBQ) suffered a three per cent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday, as higher costs and provisions overshadowed strong loan growth.
CBI first-half profit soars 22% to Dh108.7 million
Commercial bank International, or CBI, on Tuesday demonstrated continued positive momentum in 2014 first-half results as net profit soared 22 per cent to Dh108.7 million compared to Dh88.9 million in corresponding period last year.
Customer-centric strategy pays rich dividend to dunia
First-half revenues, profits surge as customers climb 20%
RakBank posts Dh700 million in first-half profit, total assets climb 21.8%
RakBank reported on Tuesday that its net profit for the first half dropped by Dh59.6 million to Dh700.4 million compared the same period last year due to more normal levels of provisions for bad debts.
Masraf Al Rayan 2nd quarter profit up 12.1%
Masraf Al Rayan, Qatar’s largest Islamic lender by market value, reported a 12.1 per cent increase in second-quarter net profit on Tuesday.
Central bank’s assets grew 5.4% in May
The total assets of Central Bank of the UAE grew 5.4 per cent to Dh322.37 billion in May.
FGB Q2 profit jumps 16% on higher non-interest revenues
H1 revenues climb 17% to Dh4.539b while net interest rises 15%
UAE among top three in mobile banking adoption
The UAE ranks as one of the world’s top three countries in mobile banking adoption, according to a new global SAP study on technology in banking.
ADCB earnings climb 19% on higher net fees, commission
Abu Dhabi Commercial Bank (ADCB) on Tuesday said its 2014 first-half earnings climbed 19 per cent to Dh2.161 billion on higher net fees and commission.
CBI recognises long service employees
CBI employs more than 850 staff members across its network of over 20 branches spread across the UAE.
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