The largest Islamic bank in the UAE and the second-largest Islamic bank in the world said net operating revenues showed robust growth of 11 per cent YoY to Dh2.467 billion compared to Dh2.226 billion in the same 2021 period
Finance3 weeks ago
United Arab Bank (UAB) on Sunday announced the appointment of Emirati banker Yousif Al Suwaidi as head of retail banking.
Al Suwaidi will lead the growth plans in the retail banking and wealth management sector, contribute to the digital transformation process and enhance the customer experience.
Ahmad Abu Eideh, CEO of the bank said the bank has launched an ambitious digital transformation plan to develop its business, and “we are pleased to welcome Yousif Al Suwaidi, who will constitute a valuable addition to the senior management team”.
“We are confident that he will contribute through his expertise and skills to the development of the bank’s business. This appointment also confirms our commitment to assigning leadership positions in the bank to qualified UAE nationals,” he said.
Commenting on his appointment, Yousif Al Suwaidi said: “I am pleased to lead the Retail Banking Department and contribute to supporting the bank’s growth and achieving its strategic goals. I am proud to join this prestigious institution and look forward to working hard alongside the senior management team and all employees to develop and grow the bank’s business.
Al Suwaidi has 20 years of experience in the banking sector. Previously, he held the position of head of SME in Al Masraf and head of sales department at Commercial Bank of Dubai. He has also worked in international banking institutions, including Citibank and ABN Amro. Al Suwaidi holds a BA in Business Administration from the Lebanese American University.
— business@khaleejtimes.com
The largest Islamic bank in the UAE and the second-largest Islamic bank in the world said net operating revenues showed robust growth of 11 per cent YoY to Dh2.467 billion compared to Dh2.226 billion in the same 2021 period
Finance3 weeks ago
The UAE banks have strong liquidity with liquid assets at 38 per cent of total assets as of December 2021, up from 36 per cent as of December 2020, the rating agency noted
Finance3 weeks ago
The lingering consequences of the Covid-19 pandemic have meant that shoppers today are less inclined to make lump sum payments in a single transaction
Finance3 weeks ago
The Sharjah-based lender said its operating profit before provisions climbed 17.1 per cent to Dh248.5 million in January-March quarter compared to Dh212.2 million in the same quarter of the previous year
Finance4 weeks ago
The bank said credit quality across the group’s footprint continued to improve with impairment down 20 per cent
Finance4 weeks ago
Banks are making profits with low default rates and surplus liquidity but on the other hand, political instability and adverse global conditions pose risks to the domestic financial system
Finance1 month ago
New website serves to provide a push for financial accountability
Finance1 month ago
For the purpose of CRS, depository institutions like banks, custodial institutions like mutual funds, investment entities like hedge funds or private equity funds, and certain types of insurance companies are called financial institutions
Finance1 month ago