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Mashreq profit jumps; bank eyes Citi's Egypt unitMashreq is holding talks with Citigroup about acquiring its retail banking business in Egypt and is targeting net profit growth in 2015 of between 6 per cent and 10 per cent, the Dubai bank's chief executive said on Sunday. Ab More… |
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Mashreq eyes Citigroup's Egypt retail businessMashreq, Dubai's third-biggest lender by assets, is interested in acquiring Citigroup's Egyptian retail business, Mashreq's chief executive said on Sunday. The bank is holding talks with Citi on the matter, Abdul Aziz More… |
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Mashreq Q3 net profit rises 26pc to $162mMashreq, Dubai's third-biggest lender by assets, made a net profit of Dh596.8 million ($162.5 million) for the third quarter of the year, a rise of 26 per cent on the Dh473.2 million ($128.8 million) during the corresponding period of 2013. More… |
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Mashreq names new country head for BahrainUAE-based financial institution Mashreq has appointed Vivek Uberoi as the new country head of Mashreq Bank Bahrain. Uberoi has more than 20 years experience in the banking and financial sector, and has held various senior position More… |
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OSN vows online payment gateway for customersDubai-based pay-TV network OSN has partnered with financial institution Mashreq and a Visa company, Cybersource, to launch the CyberSource payment management solution for its subscribers. The agreement ensures secure online payment serv More… |
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Mashreq H1 profit rises 40pc to top $315mMashreq has reported a 40 per cent increase in net profit for the first half, climbing to Dh1.16 billion ($315.8 million), compared with Dh828 million in the first half of last year. Net profit in the second quarter reached Dh585 More… |
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Mashreq Q2 net profit jumps 45pcMashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit. The lender made a net profit of Dh585 million ($15 More… |
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Mashreq posts 35pc rise in profitDubai's Mashreq, the emirate's third-biggest lender by assets, reported a 35 percent increase in first-quarter net profit on rising income thanks to improving economic conditions. The lender made a net profit of 575 millio More… |
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Mashreq hikes foreign stake limit to 49pcDubai's Mashreq has increased the limit on foreign ownership of its shares to 49 percent, its chief executive said on Monday, in line with a wider move by companies in the UAE to open up to international investors. Companies a More… |
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Mashreq's Q4 net profit jumps 48pcMashreq, Dubai's third-biggest lender by assets, on Monday posted a 48 percent rise in fourth-quarter net profit, Reuters calculations showed. The bank earned 504.6 million dirhams ($137.38 million) in the quarter, compared wi More… |
