Latest news and articles about banking sector from NEX English
The Egyptian Prime Minister's assistant announced that the government is preparing the offering document for Cairo Bank, allocating <strong>30%</strong> of shares to investors. This initiative aims to enhance transparency and attract investments.
The National Commercial Bank of Saudi Arabia announced strong financial results for the third quarter of the year, with a notable increase in profits compared to the same period last year. These results reflect the bank's robust performance amid current economic conditions.
The Egyptian government has announced the selection of an independent financial advisor as part of its steps to launch Cairo Bank in the market. This decision is part of the government's efforts to enhance transparency and financial efficiency.
The Central Bank of Egypt has announced a ban on banks providing credit facilities to entities not registered in the credit system. This decision aims to enhance transparency and accountability in the banking sector.
The Indonesian Financial Services Authority (OJK) reported that the ongoing conflict in the Middle East has a limited direct impact on Indonesian banks. The exposure to non-resident entities in the region is minimal, but the authority warns of the need to monitor the global economic situation.
Kuwait Finance House - Bahrain has announced the promotion of several Bahraini employees to leadership positions within its retail banking division. This initiative reflects the bank's commitment to empowering national talents and enhancing their role in the banking sector.
The Chairman of the Supreme Media Council, Karam Gabr, and the Governor of the Central Bank, Hassan Abdullah, signed a cooperation protocol aimed at enhancing the regulation of digital banking content. This initiative is part of broader efforts to improve transparency and build trust in the banking sector in Egypt.
Shareholders of Riyad Bank have approved a capital increase to <strong>40 billion Riyals</strong>, reflecting the bank's commitment to enhancing its financial capabilities and sustainable growth.
The Indonesian Financial Services Authority (OJK) reported a year-on-year increase of <strong>9.37%</strong> in bank loans, reaching <strong>8,559 trillion rupiah</strong> in February 2026. This growth reflects a significant rise in investment loans and financing directed towards corporations.
Bank Mega of Indonesia has announced that maintaining its net interest margin (NIM) poses significant challenges this year, aiming to increase it to <strong>4.7%</strong> by year-end amid declining loan interest rates. This situation affects the bank's ability to meet its financial targets.
The Financial Services Authority of Indonesia has revoked the license of PT Bank Perekonomian Rakyat (BPR) Pembangunan Nagari in Agam due to capital problems. This decision follows multiple restructuring efforts that failed to improve the bank's financial situation.
The United Bank has solidified its position as one of the top 50 brands in the region, reflecting the success of its expansion strategies and innovative financial services that meet customer needs.
The General Assembly of Abu Dhabi Islamic Bank has approved a cash dividend of <strong>97.05 fils</strong> per share, reflecting the bank's strong performance over the past year. This decision aims to enhance investor confidence and support their investments.
Indonesian KB Bank (PT Bank KB Indonesia Tbk) achieved a net profit of <strong>66.59 billion rupiah</strong> in 2025, recovering from a loss of <strong>6.33 trillion rupiah</strong> in 2024. This turnaround reflects the success of the bank's transformation strategies implemented in recent years.
GFH Financial Group has announced a strategic name change to GFH Bank, marking its transformation into a fully integrated banking institution. This decision was made during an extraordinary general assembly meeting held online.
Kuwait Finance House has announced impressive financial results in the Kingdom of Bahrain, reflecting the institution's strong financial and investment performance amidst global economic challenges.
Bahrain and Kuwait Bank (BBK) has announced its advancement in the merger process with National Bank of Bahrain (NBB), expected to be completed by 2026. This merger aims to enhance efficiency and competitiveness in the Bahraini banking sector.
International Gulf Bank - Saudi Arabia has successfully completed the issuance of additional Tier 1 capital bonds worth <strong>$500 million</strong>. This move reflects the bank's strategy to strengthen its capital base and support sustainable growth.
Reports indicate that Saudi Bank D360's losses have surged to <strong>661 million riyals</strong> in 2025, reflecting significant challenges facing the banking sector in the Kingdom. This situation raises concerns about the sustainability of growth in the financial sector amid major economic transformations.
FirstRand Ltd. has announced a comprehensive restructuring of its management, appointing Letania Johnson as the CEO of FNB. This move aims to strengthen the company's position as the largest retail and commercial bank in South Africa.
The General Assembly of Al Rajhi Bank has recommended distributing profits amounting to <strong>7 billion riyals</strong> and discussed the possibility of increasing capital to enhance future growth. This decision aligns with the bank's strategies to strengthen its competitive capabilities.
Jordan Kuwait Bank has been awarded the 'Best Private Banking in Jordan' for the fourth consecutive time, recognizing its excellence in providing comprehensive banking services that meet client needs.
The Arab Bank's General Assembly announced a decision to distribute a cash dividend of <strong>40%</strong> to shareholders for the year <strong>2025</strong>. This move aims to strengthen trust between the bank and its investors.
Egyptian banks are eagerly anticipating directives from the Central Bank regarding the implementation of remote work systems. This initiative aligns with modern trends aimed at enhancing efficiency within the banking sector.
PT Bank Rakyat Indonesia (Persero) Tbk announced that its platform Qlola by BRI has seen a 33% increase in users as of February 2026, with transaction volume reaching 2.141.37 trillion rupiah. This growth highlights the rising trend towards digital banking services.
Reports indicate that provision coverage in the Egyptian banking sector has exceeded <strong>90%</strong>, reflecting a significant improvement in banks' financial performance. This achievement comes at a critical time for the Egyptian economy as the government seeks to enhance financial stability.