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HC Research cuts price target on First GulfHC Research cut its share-price target on Abu Dhabi-based First Gulf Bank on rise in loan loss provisioning owing to an expected non-performing loan (NPL) regulation, and economic conditions. The brokerage raised its fiscal 2010 forecast f More… |
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SABB books $94m Q3 loan lossesSABB bank, HSBC's Saudi affiliate, booked SR351.5 million ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday. SABB has reported a worse than expected 19.8 percent drop in third-quarter ne More… |
