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Mashreq Q2 net profit falls on impairmentsMashreq, Dubai's third-biggest lender by assets, posted on Wednesday a 16.1 percent fall in second-quarter net profit as impairments for bad debt more than doubled and fee and commission income edged lower. Against a backdrop More… |
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CBQ Q2 net profit rises 17.3pcCommercial Bank of Qatar, the country's second-largest lender by assets, posted a 17.3 per cent rise in second-quarter profit on Tuesday, beating analysts' forecasts. The bank earned a net profit of SR589 million ($161.8 m More… |
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ME lenders struggle with falling loan pricingThe reluctance of local lenders to join the $3 billion loan for Abu Dhabi National Energy Company (Taqa), which is in general syndication, is highlighting how previously liquid local Middle East banks are being priced out of the market as low oi More… |
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NBO expects 10-12pc lending growth in 2015National Bank of Oman (NBO), the sultanate's third-largest lender by assets, is expecting to increase lending by between 10 per cent and 12 per cent this year, its chief executive was quoted as saying by the Oman Tribune. Ahme More… |
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Aabar seeks amplified role in $22bn Malaysia banking dealAbu Dhabi state fund Aabar Investments is demanding a hefty premium for its minority stake in Malaysia's No.4 bank, sources say, as the Abu Dhabi state fund leverages on its amplified role in a $22 billion merger that will create Southeast A 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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Emirates NBD profits surge 25pcEmirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts. The lender, 55.6-percent owned by state fund Inv More… |
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Warba Bank to list on stock market Sept 3Warba Bank, a Kuwait-based Islamic lender set up three years ago, will be listed on the country's stock exchange on September 3 after a restriction on public trading of the stock ended, an analyst and an industry source familiar with the mat More… |
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KFH net profit up 21pc in Q2Kuwait Finance House (KFH) , the Gulf state's biggest Islamic lender, reported a 21 per cent rise in second-quarter net profit on Tuesday, missing analysts' estimates. Net profit rose to 26.8 million Kuwaiti dinars ($94.2 More… |
