Kuwait’s resident credit growth improved to KD96 million ($317 million) in February, remaining relatively modest, with growth rising slightly to 6.4 per cent year-on-year (y/y), a report said.
Growth in household borrowing w
Commercial Bank of Qatar (CBQK) and Doha Bank (DHBK) announced that they will be raising QR2 billion ($548.7 million) each in Tier 1 bonds to improve their capital adequacy ratios (CARs), a report said.
The bonds will also provide
Money supply (M3) in the United Arab Emirates grew 11.3 percent year-on-year at the end of May, the fastest rate since June 2011, after a 9.7 percent rise in the previous month, central bank data showed on Thursday.
Bank lending g
Loans to companies and households in the euro zone contracted for the eighth month running in December, showing low official borrowing costs are having little success in reviving investment and spending.
The European Central Bank
The bank lending in Oman registered a 17.4 per cent growth on an annual basis in September, the slowest pace since December last year, compared to an 18.1 per cent jump in August, central bank data showed on Tuesday.
Saudi Arabia's M3 money supply growth accelerated to 9.7 per cent year-on-year at the end of August
after a 9.5 per cent rise in the previous month, according to central bank data.
The increase in bank lending to the pr
Saudi Arabia's M3 money supply growth eased to a 17-month low of 7.7 per cent year-on-year at the end of May, after an 8 per cent rise in the previous month, central bank data showed on Tuesday.
Bank lending to the private sector decelerat
Saudi Arabia's M3 money supply growth accelerated to 13.6 per cent year-on-year at the end of January from 13.3 per cent in the previous month, central bank data showed on Sunday.
The Kingdom's bank lending to the private sector rose 11.7
UAE-based Mashreq Bank has partnered with Kaspersky Labs, a leading developer of secure content and threat management solutions, to provide its online customers with special offers on the anti-virus products.
As per the deal, Kaspersky wil
Chinese banks ratcheted up the pace of lending in the last month of 2011 to 640.5 billion yuan ($101.51 billion) from 562.2 billion yuan in November as the central bank eased policy to cushion the domestic impact of the global economic slowdown.