Banking Sector
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Doha Bank’s Dreamcard holders to enjoy greater flexibility

Doha Bank’s Dreamcard holders to enjoy greater flexibilityDoha Bank yesterday announced an unbeatable offer to help new Dreamcard members lighten their load and their monthly repayments by transferring their card balances in other banks to Doha Bank's scheme.

UAE sees decline in mortgage credit growth

UAE sees decline in mortgage credit growthThe recently released figures by the UAE Central Bank claim that the total mortgage loans of 24 national banks and 28 foreign units reported decline in growth to stand at Dh15billion in the first 11 months of 2009. This decline in the mortgage credit growth slowed down apparently under the impact of unfavorable conditions of the economic market due to global financial crisis.

HSBC Pays the Best to Top Bankers

HSBCHSBC’s business and markets run by Stuart Gulliver, received £15.3 million. He is the bank's top paid employee, and the head of global markets Samir Asaf, received a bonus more than £9 million.

ADCB and Schroder & Co signs private banking agreement

ADCBAbu Dhabi Commercial Bank ADCB. AD and Schroder & Co Bank AG have announced to strike a partnership deal which is aimed to woo wealthy clients of UAE for offering them banking and wealth management services.

The recent partnership will not only help Schroder & Co Bank AG to expand its business outside Switzerland but also offer a handsome opportunities to tap growing opportunities in the oil rich Emirates.

Raiffeisen Seeks to Complete Merger Activities by September

Raiffeisen Seeks to Complete Merger Activities by September International Bank-Holding AG., and its non-listed parent bank, announced Friday that merging their activities would improve funding access and support balance out Raiffeisen International's risk exposure in Eastern Europe.

It also depicts that preparations involving auditors and advisor Deutsche Bank have already initiated and that the groups have considered preliminary share swap ratios.

Banks in UAE expand their branches by 11%

BankingThe number of bank branches, according to the figures released by the Central Bank, rose 11 per cent in the UAE indicating rise in commercial activities in the country. The banks also tried their best to serve people with electronic banking facilities as number of ATMs rose 48 per cent to stand at 3,599 by the end of last year as compared to 2,420 in 2008.

Tough time ahead for banks in Dubai, Kuwait: S&P

S&P-LogoRating agency Standard & Poor's (S&P), in its latest report, said that the tough times for the banking sector of Dubai and Kuwait has not been over yet. Banks in the Gulf region has a tough time for making provisions to mitigate their Non -Performing Assets that would definitely hurt their growing potential.

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