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Industry stalwarts to attend financial restructuring summitOver 200 industry leaders are expected to converge at the GCC region’s first debt restructuring and NPL-focused summit in Dubai in September. Middle East Global Advisors, a leading financial intelligence More… |
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GCC banks ‘forced to rethink lending policy’Reduced liquidity due to changing market dynamics, namely a reduction in oil prices, is forcing banks in the GCC region to rethink their lending policy due to a rise in non-performing loans (NPLs), said professional services firm Deloitte. More… |
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Saudi construction challenges 'pose risks for banks'Rising challenges in the Saudi construction sector will lead to a surge in nonperforming loans (NPLs) and higher provisioning costs for the country's banks, said ratings agency Moody's Investors Service in a report published today (Octob More… |
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Saudi construction challenges 'pose risks for banks'Rising challenges in the Saudi construction sector will lead to a surge in nonperforming loans (NPLs) and higher provisioning costs for the country's banks, said ratings agency Moody's Investors Service in a report published today (Octob More… |
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Mashreq sees retail NPLs improving in 2011Mashreq Bank expects its retail non-performing loans (NPLs) to improve in 2011 after bad loans peaked last year, the head of Dubai lender's retail bank said on Tuesday. While the overall retail banking sector may continue to face chall More… |
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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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Capital downgrades MashreqBank ratingCapital Intelligence (CI), the international credit rating agency, has reduced the foreign currency long-term rating and the financial strength rating of MashreqBank from A+ to A-. The move comes in view of the increase in non-performing l More… |
