BANKING

Small is Best in Global Banking - as Universal Banks Fail to Deliver - Lafferty Banking 500November 13, 2018

(AETOS Wire)-- Far from being the universal banking giants of Wall Street, London, Frankfurt, Paris, Tokyo or Beijing that typically combine commercial and investment banking activities, the best banks in the world are focused on consumer and business banking. They are also smaller and often younger than the big brands of the banking industry. So says a new study from global banking research firm, Lafferty Group, London.

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Website compares bank products to ease citizens’ access to financeNovember 7, 2018

AMMAN — When looking for bank loans and other financial products, individuals who do not have a strong background in finance often find themselves compelled to go for 'whatever seems best', with no clear understanding of the intricacies behind their decision.

For Fadi Oweis, a Jordanian who was looking to buy an apartment in Amman after returning from the US with his family, the 'loan pursuit' was no different a journey.

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World Bank checks on Microfund For Women servicesOctober 31, 2018

A World Bank delegation on Tuesday checked on services provided by Jordan's Microfund For Women (MFW), which include digital and non-financial funding, micro-insurance, initiatives, programs and activities.

The delegation paid this visit on the sidelines of the World Bank women's board members periodic meetings chaired by Mary Allen, which is being held in the Kingdom and hosted by the MFW for three days.

The visit's program includes meetings with leaders of the government's economic"...

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Arab Bank posts 7% profit increase on higher fees and interestOctober 28, 2018

Arab Bank, the largest lender in Jordan, posted a 7 per cent year-on-year rise in net profit for the first nine months of 2018, and said it plans to open its first branch in China at the start of 2019.

Net profit for the period ending September 30 rose to $643 million, while net income reached $865m, an 8 per cent increase on the year-earlier period, the lender said in a statement to media on Saturday.

The"...

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Moody’s Selects Partners for Reshape Tomorrow, Aiming to Help Small Businesses ThriveOctober 26, 2018

Moody’s Corporation (NYSE:MCO) today announced the selection of its inaugural list of partners for Reshape TomorrowTM, its innovative, global program to help owners of small and growing business overcome the challenges of expanding their enterprises.

Moody’s has selected a network of six partner organizations and programs, supported by grants from Moody’s Foundation, that focus on empowering entrepreneurs — especially women"...

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VIB 9–month profit before tax rises 176% YoY to VND 1,720 billion, Retail revenue increases 92% YoYOctober 23, 2018

(AETOS Wire)-- Vietnam International Bank (UPCoM: VIB) announced its financial statements of the first 9 months 2018 with positive results.

Profit before tax grows 176%
VIB reported profit before tax of VND 1,720 billion, up 176% year-on-year (YoY), equal to 86% of its full year target. The revenue increased by 48% YoY, in which interest income and non-interest income up 50% and 37% respectively; the"...

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Kawar, World Bank chief review Jordan's economic progressOctober 13, 2018

AMMAN — Minister of Planning and International Cooperation Mary Kawar on Thursday met with the Chief Executive Officer of the World Bank Kristalina Georgieva in Bali, as part of the 2018 Annual Meetings of the World Bank Group and the International Monetary Fund, held in Indonesia during October 9-14.

During the meeting, both sides reviewed the economic challenges facing the Kingdom and government reform programmes, according to a statement"...

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