Barclays rolls out loan scheme for large businesses in the face of Covid-19
The bank will offer up to £50 mn for businesses with a turnover...
Banking
UAE urges banks to extend support to private sector
Previously, the central bank provided over Dh 61 billion in the form...
South Africa plans to launch funding for lending scheme
The National Treasury is exploring all possibilities to launch the scheme to...
Nigerian banks limit global spending amid forex scarcity concerns
Due to the slump in oil prices, Nigeria fears it might run...
Islamic Development Bank launches $2 bn coronavirus response package
The package will help member states to cope with the impact of...
Oman announces $20 bn extra liquidity amid Covid-19 outbreak
Oman’s central bank asked local banks to cut banking fees, adjust capital...
UAE central bank’s foreign assets reach Dh405.94 billion in February 2020
The central bank's total foreign assets increased 13 percent compared to the...
Nigeria-based Zenith Bank denies merger speculations with Union Bank
Merger speculations erupted in Nigeria after central bank announced recapitalisation of the...
Dubai Islamic Bank approves increase in foreign ownership limit
The bank's shareholders have approved foreign ownership limit of shares to 40...
First Bank considers merger ahead of an industry recapitalisation
The bank is in talks with Heritage Bank and Polaris Bank...