News & trends

Rakbank has launched an Islamic banking brand
United Arab Emirates | February 2013

National Bank of Ras Al-Khaimah, better known as Rakbank, has recently set up the Rakbank Amal brand for its Islamic banking products. The Rakbank Amal products, which are available in all the bank’s 33 branches, included bank accounts, loans, debit cards and Takaful insurance policies. Among these products, the Jood Account, a savings account, offers savers the chance to win up to 10 000 Dirhams (AED) a month.

Keywords : brand, islamic finance

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IndusInd Bank to open a metro station branch

India - May 2014

In India, IndusInd Bank has signed a five-year contract with the private transport company Rapid MetroRail Gurgaon, entitling IndusInd Bank to name and brand a metro station which will host a high-tech branch equipped with the latest ATMs.

News summary compiled by Efma Information Services


BNP Paribas plans to phase out the Cortal Consors brand

France - April 2014

In France, the bank BNP Paribas intends to absorb Cortal Consors on 1st November 2014, according to the French financial daily Les Echos. Specialised in online savings and brokerage, Cortal Consors is due to disappear as a brand by the end of 2015. Cortal Consors has 150,000 customers, including 4,500 high net worth customers.

News summary compiled by Efma Information Services

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