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Banking & Finance

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.
ADB lowers South-east Asia growth forecast
The economy contracted 0.6 per cent in the first three months of the year, as “political deadlock” hit domestic demand and the crucial tourism industry.
IMF warns markets on EU optimism
The IMF has urged the eurozone to support economic demand, complete a reform of the banking sector known as banking union and advance structural reforms.
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