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Ajman Bank Tag

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Media
July 16, 2019

Ajman Bank has been at the forefront of development of UAE Nationals by providing them outstanding growth opportunities with critical roles in higher management. One of the organisation’s pivotal achievements has been significant progress in Emiratisation and growing number of nationals in leadership positions. In line with its objectives, Ajman Bank has announced the promotion of three senior executives. Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “Our strategy is perfectly aligned with UAE’s vision and is aimed at building a strong team of Emirati talent at the highest levels at Ajman Bank. We have developed dedicated training and mentoring programs to empower Emaratis with the right tools for...

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Lifestyle, Media
July 9, 2019

Installation of Automated Teller Services in the branch is one step forward in digitalization of cash transactions and making the customer experience completely paperless. Ajman Bank has announced the launch of its latest branch in Dalma Mall that boasts state-of-the-art design and cutting-edge digital banking and payment solutions. With it comes the installation of the first compact cash Automated Teller System (ATS). The solution, provided by the Innovation and technology service provider CNS Middle East (Computer Network systems) will increase the...

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Media
June 18, 2019

Ajman, UAE; 18 June 2019: Ajman Bank has been conferred with the ‘Most Improved Alternative Channels’ award by ETHOS Consultancy for demonstrating outstanding performance in electronic banking and payment solutions. The coveted award was presented to Ajman Bank in recognition of the expansion of its channels in consumer banking through Samsung Pay, CRM, Contactless Card and Mobile Banking Up-grade to ensure its customers efficient, secure and seamless service. Kashif Amin Thakkur, Acting Head of Consumer Banking, Ajman Bank said: “We are proud of this exceptional achievement that demonstrates our commitment to provide the most outstanding technology to our customers delivering excellence at every...

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Media
May 20, 2019

Ajman Bank, in collaboration with Rasmala Investment Bank Limited (‘Rasmala’), a leading alternative investment manager, has announced the launch of Makaseb Real Estate Investments SPV Limited, domiciled in the Abu Dhabi Global Market (“ADGM”). The first transaction under the new entity has resulted in the acquisition of an outstanding income yielding portfolio of UAE logistic and residential assets for a net purchase price of AED 327 million (USD 90 million). These assets have a combined built-up area of nearly 700,000 sq.ft...

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Competition, Media
March 6, 2019

Year ended 2018 net profit up by 28.2% to reach AED 170.0 million compared to year ended 2017 ·         Balance sheet growth of 13.1% to AED 22.6 billion compared to December 2017. ·         Distribution of 3.5% cash dividend approved by the general assembly and central bank. ·         AED 419.7 million share capital increase through right share issuance  Ajman, UAE; March 6, 2019: Ajman Bank, the award-winning financial services institution committed to transforming the experience of Islamic banking, announced today its financial results for the year ended 31 December 2018, demonstrating continued positive...

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