China's bad loans increased sharply in the first three months of the year, official data showed, with analysts saying yesterday the total was at its highest in almost three years.
Outstanding non-performing loans at Chinese ba
JPMorgan Chase & Co has reached a tentative $13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source famil
Bad loans as a proportion of the bank's total lending book will be 14-15 percent this year, instead of a previous estimate of 15-16 percent, Surya Subramanian, chief financial officer of Emirates NBD, Dubai's largest lender, said.
The Central Bank of Bahrain (CBB) has reported BD51.5 million ($136 million) in bad loans last year, said a report in our sister paper Akhbar Al Khaleej.
“Bad loans averaged 3.4 per cent of the total consumer loans which top
Kuwait Finance House (KFH) , the country's biggest Islamic lender, reported a 33 per cent increase in third-quarter net profit on Wednesday, beating analyst estimates.
Net profit rose to KD33.7 million ($119.9 million) from KD
Emirates NBD, Dubai's largest bank by market value, on Monday said third-quarter net profit more than tripled on the back of lower provisioning for bad loans and higher non-interest income, beating analysts' forecasts.
The UAE may soon fine banks which grant loans to consumers who are unable to pay back the debt, the central bank governor was quoted as saying in remarks published on Saturday.
The UAE is working on a law to protect consumers' rights, whic
The Saudi British Bank (SABB) posted a 90.6 per cent rise in its second quarter net profit, beating analysts' forecasts, the bank said in a bourse statement on Tuesday.
SABB, an affiliate of the HSBC Group, attributed th
Arab Bank Group, one of the leading financial groups in the Middle East, has posted a 53 per cent drop in its 2010 net profit.
The net profit touched $251 million after it set aside hefty provisions for bad loans for a second consecut
Banks in the United Arab Emirates may need to write-off more loans this year given the expected rise in non-performing loans, a central bank official said on Tuesday.
On Monday, the United Arab Emirate's central bank governor sai