Adding to its previous victories, Ahli United Bank
has now won the awards for its STP processing for 15 consecutive years demonstrating the bank's ongoing commitment to deliver quality services and investments in breakthrough technologies.
Some might consider them the greatest threat facing the industry, but at Ahli United Bank
we have always strived to service our customers with the best and latest technology available, thus enabling us to make the most out of the ongoing wave of digital transformation by putting the customer first.
Atul Soneja, SVP & Global Head - Edge Products and Infosys Nia, said: "We are excited to partner with Ahli United Bank
Kuwait, to work on their strategic initiatives around robotics, AI and automation.
The sale and purchase agreement was signed in the presence of Shaheen Hamad Al Ghanem, Warba Bank's Chief Executive Officer and Tareq Muhmood, acting Chief Executive Officer of Ahli United Bank
If the tie-up between KFH and Ahli United Bank
materialises it will be the first cross-border merger between Gulf banks in recent years at a time when several other banks are consolidating.
The market cap of Saudi National Commercial Bank hit $38.9 billion during the first six months, followed by FAB at $36 billion, the National Bank of Kuwait at $15.2 billion, Bahrain Ahli United Bank
at $4.8 billion and Bank Muscat at $2.9 billion.
The Public Institution for Social Security owns 18.59 per cent of Bahrain's Ahli United Bank
, according to data on the Bahrain bourse.
The agreement was signed by Dr Ebrahim Mohammed Janahi, chief executive of Tamkeen, and Adel A El Labban, group chief executive officer and managing director of Ahli United Bank
, said a statement.
The National Bank of Kuwait ranked third with profits of $549 million while Bahrain Ahli United Bank
came fourth with profits of $311 million and Bank Muscat n fifth with $22 million in profits.
Summary: CB Ganesh has joined as the CEO of Ahli United Bank
Securities and Exchange Commission, affirmed Ahli United Bank
(UK) PLC's (AUBUK) Long-term Issuer Default Rating (IDR) at 'BBB+' with a Stable Outlook and Viability Rating (VR) at 'bbb-'.