Mashreq’s Post

Bank Albilad was the first bank in the Kingdom of Saudi Arabia to offer #Shari’ah-compliant products. Bank Albilad is embracing #innovation to shape Saudi Arabia’s future banking landscape by fostering inclusivity and creating range of products that anyone in the country could access. Interesting to learn that within just six months of selecting Temenos, Bank Albilad’s retail business was up and running. Over time, the bank experienced benefits such as reduced close of business (COB) time to 1 hour, building products in 3 days, and 71% of new retail customers join digitally. Learn more from their success story here: https://lnkd.in/gEfDfBJn #VoiceOfCustomer Temenos @Bankalbilad #Temenos #PrivateBankerInternational #ABCNews #ABNAMRO #ABNAMROBankN.V.-Moneyou #ABNAMROBankN.V. #WorldNewsNetwork #WorldNewsDailyReport #WorldNewspaper #FinancialTimes #FinanceBuzz #FinancesOnline.com #CorporateFinanceInstitute @BankingNews.gr #BankingNews.gr #BankAlbilad #SaudiArabia

From strength to strength

Mashreq achieves historical financial milestone in 2023, with its net profit soaring by an impressive 130% to reach an unprecedented AED 8.6 billion amidst exceptional income growth and significantly reduced risk costs. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: " In recent years, our track record of consistent performance and profitability improvement has been nothing short of impressive. Our franchise continues to yield outstanding results, bolstered by the addition of a substantial number of new clients and the deepening of existing relationships across the bank.” Ahmed Abdelaal, Group Chief Executive Officer: "Our performance this year has truly been exceptional, serving as a testament to the success of our strategic direction within the ever-evolving global economic and political landscape. As a modern, digitally empowered challenger bank, we have firmly cemented our position in the market.”   Read the full report here: https://lnkd.in/dw8K5BRd  

Banque Misr CIB Egypt Cairo Leasing Corporation Vodafone e& Egypt saib Mashreq NEO QNB Egypt Abu Dhabi Islamic Bank - Egypt

Integrator Media Interviews Mustafa Al Khalfawi, CEO of Ajman Bank (Part 2) During the interview, Al Khalfawi addressed consumer and interbank interest rates, the bank's sustainability initiatives, its involvement in UAE housing programs, future industry trends, and differentiation strategies amidst the changing banking landscape. Srijith K N #CEO #banks #GCC #financialintegrator #integratormedia #bankingindustry

We're thrilled to announce the appointment of Mr.Niraj Kumar from United Arab Bank and Mr.Mohit Gandhi, CDCS from Abu Dhabi Commercial Bank as the elected co-chairs of our steering committee! The #trade #finance experts bring a wealth of #knowledge and #experience, driving #innovation and #digital transformation in banking. Their role, along with that of the #consortium's steering committee, will be to continue to drive the platform's #innovation and #digital #roadmap in the #banking industry, as well as interfacing with Central Bank of the United Arab Emirates (CBUAE) and UAE Banks Federation, among others. Please join us in welcoming the co - chairs ! Al Masraf ADIB - Abu Dhabi Islamic Bank Abu Dhabi Commercial Bank Commercial Bank International Commercial Bank of Dubai Dubai Islamic Bank Emirates NBD First Abu Dhabi Bank (FAB) Mashreq Corporate & Investment Banking Group Invest Bank National Bank of Fujairah RAKBANK United Arab Bank Beehive Fintech DP World haifin, an e& enterprise company - Built by the Banks, For the Banks #Fintechnews #UAETradeConnect #Digitisation #Interoperability #Artificialintelligence #Machinelearning #Blockchaintechnology #Globaltrade #Hyperledger #Cocreation #Powerofnetwork #Innovation #supplychainfinance #TradeFinance #FinancialInnovation #Collaboration #PartnershipAnnouncement #InnovationInFinance #StrategicCollaboration #FinanceIndustry #FinancialLeadership #FCI #ITFA #ICC #GTR #UAEbanks

We are launching a series of posts about the banking sector in the United Arab Emirates. Our first post will cover the overall market structure and the key players. The UAE features a traditional banking system with a Central Bank (established in 1980) that ensures the UAE's economic stability by setting key rates, regulating the industry, and monitoring legal compliance and money laundering. Khaled Mohamed Balama has been the head of the UAE Central Bank since April 5, 2021, with over 30 years in banking, financial services, asset management, and investments. Here are the top 5 banks in the UAE: - First Abu Dhabi Bank - Emirates NBD - Abu Dhabi Commercial Bank (ADCB) - Dubai Islamic Bank - Union National Bank Next, we'll discuss each bank's specializations. If you have questions about UAE banks, need to transfer money to the Emirates, or open a local bank account, contact us below—we're here to help with all these queries: https://ins.is/whatsapp #uaebanks #uaebankingsector

Mashreq achieves historical financial milestone in 2023, with its net profit soaring by an impressive 130% to reach an unprecedented AED 8.6 billion amidst exceptional income growth and significantly reduced risk costs. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "In recent years, our track record of consistent performance and profitability improvement has been nothing short of impressive. Our franchise continues to yield outstanding results, bolstered by the addition of a substantial number of new clients and the deepening of existing relationships across the bank.” Ahmed Abdelaal, Group Chief Executive Officer: "Our performance this year has truly been exceptional, serving as a testament to the success of our strategic direction within the ever-evolving global economic and political landscape. As a modern, digitally empowered challenger bank, we have firmly cemented our position in the market.” Read the full report here: https://lnkd.in/dw8K5BRd #Mashreq #FinancialYear2023 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory

We are capturing important shifts in the SME business sentiment, behaviour in the APAC markets as well and it is great to see how RAKBANK leverages our data and insights for their SME Confidence Index. Interested in learning more about our SME data? Do reach out for a chat! #SMEbanking #Smallbusinesses #banking #insights

Mashreq Sets Sight on Private Banking Leadership in the Middle East and Beyond Mashreq, a stalwart in the UAE’s financial sector, is on an ambitious journey to redefine its position as not just the region’s oldest bank but as a global leader in private banking. That mission is underpinned by a strategic vision articulated in a recent discussion by Navin Chokhani, Head of Client Value Management, Private Banking and Biju Thomas, Senior Director & Head of Family Office. They explained to Hubbis how the bank aims to transcend its regional expertise to strengthen the international footprint and attract a diverse global clientele to complement its regional market presence, and offer a one-stop solution for a variety of wealth, banking, and curated solutions. This forward-looking plan includes expanding operations into new markets including Egypt and other #GCC countries and enhancing digital platforms to blend innovation with personalised client service. Through these initiatives, Mashreq aspires to be a transformative player in the #UAE and broader #MiddleEast financial landscape, offering bespoke #wealthmanagement solutions that cater to the nuanced needs of high-net-worth individuals across the globe.