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Banking & Finance

Big Data will be banks’ next natural resource
The financial services sector all over the world is going through a time of unprecedented change. New players are entering the sector, financial institutions are consolidating and competition for customers — whether in retail, corporate or investment banking — is steadily and rapidly increasing.
Stepping into a new age of smart customer banking
Mashreq’s consumer arm profit is expected to hit the Dh2.5 billion mark in three years
Deutsche Bank quarterly income rises 16 %
But the spectre of costly litigation and settlements cast a shadow over results, with the bank booking €470 million ($631 million) in litigation-related quarterly charges and topping up reserves for future litigation by 22 per cent to €2.2 billion.
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%
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