Turkey’s central bank said deposits rose TRY800 billion amid fund turmoil
Turkey’s central bank said a significant share of investment-fund outflows moved into deposits as total deposits rose TRY800 billion, while it found no system-wide contagion risk.
UAE bank credit surged AED72.4 billion during August, regulator reported
UAE bank credit rose 2.6% by AED72.4 billion to AED2.87 trillion in August, as lending to individuals and companies drove faster balance-sheet expansion across the banking system.
UAE’s Mashreq appointed Rajeev Bhatnagar as group chief risk officer
Mashreq appointed former BNY executive Rajeev Bhatnagar to lead group risk management, strengthening senior oversight as the UAE bank expands lending, deposits and international operations.
Egypt’s CIB committed up to EGP2 billion to MNT-Halan’s proposed listing
CIB agreed to invest up to EGP2 billion as a cornerstone buyer in MNT-Halan’s proposed Egyptian offering, adding an anchor investor before final regulatory clearance.
UAE’s NEOPAY agreed to buy 65% stake in noon payments
NEOPAY signed a definitive agreement for a 65% controlling stake in noon payments, extending its merchant payments platform across the UAE, Saudi Arabia and Egypt.
Türkiye’s Halkbank pressed ahead with planned secondary offering despite market turmoil
Halkbank’s chief executive said the Turkish lender remained committed to a secondary offering after filing to raise nominal capital by about TRY1.8 billion through new shares.
UAE and Morocco central banks signed supervisory and payments cooperation agreements
The UAE and Moroccan central banks signed two agreements covering supervisory information-sharing, Islamic finance and possible links between their instant-payment platforms, national card switches and financial-messaging systems.
Morocco’s lower card interchange caps took effect across domestic payments
Morocco cut the general ceiling on domestic card interchange fees to 0.50% from 0.65%, with a 0.15% cap for government and proximity-commerce payments taking effect on 1 October.
Türkiye’s Central Bank Raised SME Loan Growth Limit and Eased Reserve Rules
Türkiye’s central bank raised the eight-week SME loan growth limit to 5% from 4.5% and reduced blocked-account reserve ratios, easing targeted credit and liquidity constraints without changing its 37% policy rate.
Lebanon’s President Challenged Amended Bank Resolution Law Before Constitutional Council
President Joseph Aoun challenged Article 3 of Lebanon’s amended bank resolution law, prompting a constitutional review that the IMF said could affect whether the reform meets international standards.
Egypt’s MNT-Halan planned 20% flotation on Cairo bourse in October
Egyptian fintech MNT-Halan said it planned to sell 320 million shares, representing 20% of its capital, through public and private offerings, subject to regulatory approvals and market conditions.
Dubai Islamic Bank named Fadhel Al Ali as board chairman
Dubai Islamic Bank appointed Fadhel Abdulbaqi Al Ali as chairman, effective September 30, after its former chair stepped down and the central bank issued its no-objection.