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World's first green bank loans $1bn in first 5 monthsBritain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The More… |
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Moody's rating boost for Qatari banksQatari lenders will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation, according to a report by Moody's Investors Service. However these positive f More… |
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QNB net profit up 6.7pc in Q1 on loan growthQatar National Bank (QNB), a leading Gulf Arab lender, posted a 6.7 per cent jump in first-quarter net profit on Sunday, in line with analysts' estimates, on the back of strong loan growth in the Gulf state. QNB, which complet More… |
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UAE cbank 'agrees' on mortgage cap proposalsThe United Arab Emirates central bank has agreed, in principle, to soften plans to introduce limits on mortgage lending for residential properties following a plea by commercial banks, central bank and banking sources said on T More… |
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Bahrain Air staff's bank accounts 'frozen'Bahrain Air staff with outstanding loans have had their bank accounts frozen until they pay off their debts, the airline's trade union claimed yesterday. It added that more than 200 expat employees were also unable to leave th More… |
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Jordan bank's profit up 4.5pcJordan's Housing Bank for Trade and Finance said its net profit for 2012 rose 4.5 per cent, less than half the previous year's rise, as the country's number two lender set aside provisions for bad loans. "We have More… |
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Saudi to build 12,400 new homesSaudi Arabia plans to build more than 12,400 housing units in various parts of the kingdom soon, according to a news report. The Real Estate Development Fund has sanctioned new loans worth SR5 b More… |
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UAE to limit home loans to foreignersThe United Arab Emirates central bank has decided to limit mortgage loans for foreigners buying residential real estate in the country to 50 percent of the property's value, banking and real estate industry sources said on More… |
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Abu Dhabi approves $816m property loansThe Abu Dhabi Department of Finance has approved loans worth more than Dh3 billion ($816 million) for funding commercial buildings allocated for citizens in the emirate, said a report. The Commercial Buildings Finance Committee un More… |
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Abu Dhabi creates new body for mass housingAbu Dhabi has set up an authority to develop mass housing as it pushes ahead with social welfare initiatives, in a move that could spur restructuring of the emirate's real estate sector. The Abu Dhabi Housing Authority was est More… |
