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banking

Feb 14

Non-residents bank deposits surge seven percent in 2018

Non-residents bank deposits surge seven percent in 2018

Customer deposits in commercial banks grew 2.8 percent last year to $173.2 billion on the back of a jump in non-resident deposits and in foreign currency deposits, according to Central Bank data.

Deposits denominated in foreign currencies, which account for 71 percent of total"...

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Feb 13

Bank of Beirut becomes signatory of investors for governance and Integrity Declaration

Bank of Beirut becomes signatory of investors for governance and Integrity Declaration

NNA - Bank of Beirut held a press conference at the Four Seasons Hotel for the signing of the Investors for Governance & Integrity (IGI) declaration hence highlighting its commitment to environmentally and socially responsible corporate practices.


In the presence"...

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Feb 12

E-banking lands in Mar Mikhael

E-banking lands in Mar Mikhael

A walk in Mar Mikhael reveals that it has become the hub of hospitality for millennials in Lebanon; during the day, its appealing restaurants and quick snacks attract those who work in the area, while in the evening, it’s a destination for gatherings with friends over drinks or bistro"...

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Feb 11

Hilton confirms Emma Banks' appointment to EMEA team

Hilton confirms Emma Banks' appointment to EMEA team

After sister title Caterer Middle East revealed Emma Banks' departure from JRG Dubai, Hilton has now confirmed the appointment of Banks as vice president, F&B strategy & development for Europe, Middle East and Africa (EMEA).

Based"...

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Feb 06

Kony Helps CFG Bank Deliver Digital-First Banking

Kony Helps CFG Bank Deliver Digital-First Banking

(AETOS Wire)-- Kony, Inc., a leading provider of digital banking solutions, and CFG Bank, an innovator in retail commercial banking in Morocco, today announced their collaboration on CFG Bank’s digital banking application. With customers expecting a simple yet robust digital banking experience, CFG Bank has selected Kony to partner on its long-term digital transformation strategy built on the pillars of simplicity, transparency and sustainable customer relationships. Central to that strategy is CFG Bank’s dynamic app built on Kony’s digital banking platform, Kony DBX, which provides a more modern digital banking experience.......

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Jan 30

Middle East bank battering could claim Lebanon

Middle East bank battering could claim Lebanon

Following a year with Middle East stock markets down aside from tiny Tunisia, ratings agencies repeated a gloomy banking sector forecast for 2019, with Lebanon in particular now on a related sovereign debt-restructuring precipice as the ratio to gross domestic product tops 150%. S&P"...

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Jan 27

Moody's downgrades three Lebanese banks

Moody's downgrades three Lebanese banks

BEIRUT: Moody's downgraded Wednesday the ratings of Bank Audi, BLOM Bank, and Byblos Bank, days after it lowered the mark of Lebanon's issuer rating to Caa1 from B3.

The three banks' long-term deposit"...

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Jan 24

Access Bank UK awarded ‘Best African Trade Finance Bank’

Access Bank UK awarded ‘Best African Trade Finance Bank’

DUBAI — The Access Bank UK was conferred the prestigious title of Best African Trade Finance Bank for its exceptional efforts in facilitating trade ties with the African continent at the sixth edition of the International Finance Awards. Held at the Jumeirah Emirates Towers in Dubai,"...

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Jan 20

Online reseller RealReal in talks with banks for IPO

Online reseller RealReal in talks with banks for IPO

New YorkcCase:> US online luxury reseller The RealReal Inc is talking to investment banks about the possibility of an initial public offering (IPO) later this year, people familiar with the matter said on Friday.
The company - which specializes in online secondhand luxury apparel"...

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Jan 17

Pound firms, FTSE retreats before May confidence vote

Pound firms, FTSE retreats before May confidence vote

London
The British pound firmed against the dollar and euro Wednesday, and London stocks dropped, as traders awaited a confidence vote on British Prime Minister Theresa May’s government after parliament voted massively against its Brexit deal.
The pound was up at $1.2865"...

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