Banking

Muscat: Gulf Cooperation Council (GCC) banks achieved a 6.5 per cent growth in assets in 2016, driven by increased lending to government and related...

Ankara: The arrest in the United States of a top Turkish banker charged with participating in a multi-year scheme to violate sanctions against Iran is a...

Muscat: Reflecting Islamic finance’s continued surge in popularity in Oman, Bank Nizwa reported its first net profit since its inception in...

Muscat: Omani banks listed on the Muscat Securities Market plan to expand their capital base. Four banks have submitted recommendations during extraordinary...

Frankfurt: The European Central Bank is set to keep monetary policy on hold on Thursday as it casts a nervous eye ahead to high-risk elections in France and...

London: Lloyds Banking Group, Britain’s largest mortgage lender, swung to a fourth-quarter profit even as it faced more than 700 million pounds of conduct...

Muscat: Oman Shipping Company (OSC), which is owned by the Oman government, successfully raised $227 million to finance its purchase of 10 new medium range...

New York: Banks globally have paid $321 billion in fines since 2008 for an abundance of regulatory failings from money laundering to market manipulation and...

Addis Ababa: Lenders are lining up to establish a presence in Ethiopia, one of Africa’s fastest-growing and most under-banked economies. Now they need the...

Dubai: Annual growth in Saudi Arabian bank lending slowed in January to its lowest level in nearly seven years, official data showed on Tuesday, a sign of...