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  • The State of Islamic Banking

    The issuance of sukuk—Islamic finance’s non-interest equivalent of bonds—is anticipated to drive much of the expansion. “Sukuk is expected to maintain its position as a major growth driver for the Islamic finance industry.

  • The changing Saudi banking landscape

    In 2020 NCB, Saudi Arabia’s largest bank, had its most profitable year to date, achieving a net operating revenue of SAR21.5 billion ($5.3 billion). This was driven by a 99% increase in the bank’s residential finance portfolio, resulting in a net increase in income of 7% in its retail banking operation.

  • Talent and trust: The woman who rose to the top of Saudi Arabia’s banking sector

    One of the best illustrations for understanding the importance of competence in establishing trust can be seen in the story of one of the few women to ascend to a leadership position in Saudi Arabia’s financial sector.

  • Citi’s banking revenue from Saudi Arabia ‘nearly tripled’

    Citigroup’s corporate and investment banking revenue for its Saudi Arabia business has “nearly tripled” since returning to the Kingdom in 2018, a senior executive said on Thursday.

  • StanChart starts offering banking services from Saudi branch

    Standard Chartered (STAN.L) has begun offering banking services through its branch in Saudi Arabia with a team of 25 people, the bank said on Thursday, as it boosts its presence in the Arab world's biggest economy. Saudi Arabia granted Standard Chartered a banking licence in 2019, which helps it to expand beyond the capital markets business it has conducted in the kingdom since 2011.

  • Citi’s corporate and investment banking revenue from Saudi nearly tripled-exec

    Citigroup's corporate and investment banking revenue for its Saudi Arabia business has "nearly tripled" since returning to the kingdom in 2018, a senior executive said on Thursday. Citi obtained a capital markets licence in 2017, allowing it to return to the kingdom in 2018 after a 13-year absence. It has advised Saudi Aramco on its $29.4 billion listing in 2019, in what was the world's biggest initial public offering, as well as on several sovereign and corporate bond deals.

  • Future of Saudi banking demands digital maverickism

    Broadly, the banking sector has been quick to adopt digitalization – it has, in a sense, been taken by storm. Stable and well-capitalized – unlike many industrial sectors – the banking sector steadily introduced digital products to its customers and digitalized its own processes. However, with fintech companies taking up a growing share of the banking pie, banks are realizing that their digital progress may not be quick enough.

  • Alvarez & Marsal Releases Saudi Arabia Banking Pulse For Q1 2021

    The strong earnings are riding on the improving macroeconomic conditions, the Kingdom’s buoyant capital market, and a significant decrease in impairments.

  • Bahrain’s Sizable Islamic Banking Sector Has Scope for Growth

    The market share of Islamic banks (including Islamic windows) in Bahrain is expected to increase in 2021-2022 after reaching 37.1% of domestic banking system assets and 17.2% of total banking system assets (including foreign assets) at end-2020, Fitch Ratings says. The increase will be driven by bank mergers and acquisitions, continued Islamic financing growth amid a recovering economic environment, rising public awareness of Islamic products, and greater use of fintech solutions.

  • How can Africa tap its huge potential for Islamic banking?

    slamic financial instruments such as sukuk appear to be ideal for Africa, both in providing funding and serving the needs of its large Muslim population, so what is holding back its development?