Bank

2024 - 5 - 23

Banks Buzz: From AI to Africa - The Financial World in Review

African Development Bank - Banking industry - Deutsche Bank - digital transformation - Emirates NBD - Middle East banking - Stanbic Bank - sustainable finance

Discover the latest in banking from Africa's development aid to the Middle East's digital evolution!

In the ever-evolving world of finance, the African Development Bank solidified its commitment to supporting Sudan amidst civil unrest, highlighting the crucial role of humanitarian and economic aid. Meanwhile, banks in the Middle East are embracing digital transformation, with Mashreq leading the pack as the best digital bank in the region. Citibank stands out for its exceptional transaction services, setting a high standard in a fiercely competitive market. First Abu Dhabi Bank shines as the top bank in the Middle East, led by group chief executive Hana Al Rostamani.

On a different note, Salt Bank, a new Romanian digital bank, launched in just under 12 months by GFT & Engine by Starling, making waves in the industry by onboarding over 300,000 customers with innovative strategies. National Bank of Bahrain's dedication to corporate responsibility sets a standard for the industry, emphasizing the importance of ethical banking practices.

In the realm of sustainable finance, HSBC emerges as a leader, with significant contributions to the sector at events like COP28 in Dubai. Meanwhile, Stanbic Bank Kenya's strategic partnership with Orion Innovation marks a significant move towards digital transformation in the banking sector.

HSBC also secures its position as the top investment bank in the Middle East, dominating the debt capital markets. As a final nod to noteworthy developments, the African Development Bank's $240 million loan grant to Mauritius and Emirates NBD's success in expanding SME banking operations in core markets like Saudi Arabia solidify their positions as key players in the financial landscape.

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Image courtesy of "African Development Bank"

African Development Bank reaffirms support for Sudan amid civil ... (African Development Bank)

The African Development Bank has reassured Sudan of its continued support in providing humanitarian and economic assistance, while addressing other priority ...

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Image courtesy of "Euromoney magazine"

Middle East's best digital bank: Mashreq (Euromoney magazine)

As more banks in the Middle East invest in their digital transformations, the largest banks in the region are competing to develop new digital products and ...

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Image courtesy of "Euromoney magazine"

Middle East's best bank for transaction services: Citi (Euromoney magazine)

The provision of transaction services in the Middle East has become one of the most fiercely competitive parts of the market, largely concentrated around a ...

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Image courtesy of "Euromoney magazine"

Middle East's best bank: First Abu Dhabi Bank (Euromoney magazine)

It was another stellar year for First Abu Dhabi Bank (FAB), under the continued leadership of group chief executive Hana Al Rostamani.

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Image courtesy of "Euromoney magazine"

Middle East's best bank for wealth management: Emirates NBD ... (Euromoney magazine)

Emirates NBD Private Banking has a proven track record across wealth management in the Middle East. The Dubai-based firm scooped several wins at this year's ...

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Image courtesy of "FinTech Magazine - The FinTech & InsurTech Platform"

Salt Bank Launched by GFT & Engine by Starling in Under 12 Months (FinTech Magazine - The FinTech & InsurTech Platform)

GFT & Engine by Starling launch Salt Bank, a new Romanian digital bank, in under 12 months. It onboarded 300000+ customers using automated strategies.

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Image courtesy of "Euromoney magazine"

Middle East's best bank for corporate responsibility: National Bank of ... (Euromoney magazine)

If you visit the website of National Bank of Bahrain (NBB), it doesn't take long to recognise that it takes corporate responsibility seriously.

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Image courtesy of "Euromoney magazine"

Middle East's best bank for sustainable finance: HSBC (Euromoney magazine)

Last year was an important one for sustainable finance in the Middle East. Dubai hosted the COP28 conference, following on from Sharm El-Sheikh in Egypt in ...

Enhancing supervision in the banking sector: A review of the Draft ... (Cliffe Dekker Hofmeyr)

The CBK may make regulations or prescribe penalties to be paid by banks, financial institutions, mortgage finance companies, credit reference bureaus and any ...

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Image courtesy of "PRNewswire"

Stanbic Bank Kenya Partners with Orion Innovation for Strategic ... (PRNewswire)

PRNewswire/ -- Orion Innovation ("Orion"), a leading digital transformation and product development services firm, today announced it has signed a deal with ...

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Image courtesy of "Euromoney magazine"

Middle East's best investment bank: HSBC (Euromoney magazine)

HSBC dominated the region's debt capital markets across the awards period, completing 52 DCM transactions worth a total of $10.3 billion, according to data ...

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Image courtesy of "African Development Bank"

Mauritius: the African Development Bank grants $240 million loan to ... (African Development Bank)

The Board of Directors of the African Development Bank Group approved a loan of $240 million to Mauritius in Abidjan on 22 May 2024 to implement the second ...

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Image courtesy of "Euromoney magazine"

Middle East's best bank for SMEs: Emirates NBD (Euromoney magazine)

Emirates NBD has successfully exported its small and medium-sized business banking operations from the UAE to its other core markets of Saudi Arabia and ...

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Image courtesy of "Deutsche Bank"

Former Deutsche Bank chief executive Rolf Breuer has passed away (Deutsche Bank)

Rolf-E. Breuer, former CEO and Chairman of Deutsche Bank, passed away on Wednesday. Employees, members of the Management Board and Supervisory Board mourn ...

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Image courtesy of "BNN"

Rolf Breuer, Ex-Chief Executive of Deutsche Bank, Dies at 86 - BNN ... (BNN)

Breuer died in the presence of his family after a long illness, the Frankfurt-based bank said in a statement on Thursday. “Rolf Breuer's importance for Deutsche ...

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Image courtesy of "African Development Bank"

A Project in History: The Transformational Journey of the African ... (African Development Bank)

When the African Development Bank was established in 1964, its founders committed to the task of leveraging Africa's natural and human resources to catalyze ...

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Image courtesy of "African Development Bank"

The African Development Bank's Desert to Power Initiative (African Development Bank)

The African Development Bank is the driving force behind one of the world's most ambitious energy projects: the Desert to Power initiative aims to bring ...

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Image courtesy of "Bizcommunity.com"

Location Bank: First African MarTech platform integrates with Apple ... (Bizcommunity.com)

Location Bank, the innovative Location-based presence management platform, proudly announces its full integration with Apple Business Connect (ABC), ...

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Image courtesy of "Chicago Booth Review"

US Bank Regulators Could Have Averted $9 Billion in Losses (Chicago Booth Review)

As the Federal Reserve hiked interest rates, rumors swirled that the two banks might not have sufficient assets to cover all their deposits. Customers yanked ...

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