04/18/2016
Quarterly operating income rose 8 percent versus the corresponding period of 2015 to 3.7 billion riyals, while profit from special commissions increased 4.5 percent over the same timeframe to 2.57 billion riyals.
04/18/2016
Bank Muscat's net loans and advances from conventional operations rose by 6.9 per cent to RO6.92bn from RO6.47bn a year ago.
04/18/2016
In terms of registered residential transactions, median residential prices were 10.4% lower YoY and 2.5% lower QoQ.
04/18/2016
Al-Sayer affirmed that the strong set of results in 1Q 2016 are driven mainly by the solid growth of the core banking activities.
04/18/2016
Net interest income and net income from Islamic financing and fees both increased during the latest quarter, the bank noted in the bourse filing.
04/18/2016
Four analysts polled by Reuters had forecast on average the lender would make a first-quarter net profit of 685.8 million riyals.
04/18/2016
Non-oil sector now accounts for more than 80% of real GDP Value of non-oil goods traded has increased by 19% since 2010 Domestic credit growth reaches 10% annual pace in final quarter of 2015
04/14/2016
Yet they are still yielding the same or less than Brazilian or Zambian debt with a higher credit rating.
04/14/2016
QIB’s total Income for the three-month period ended in March reached QR1.28bn compared with QR950mn in the same period last year.
04/14/2016
The bank had recorded a significant outflow of deposits during 2015
04/13/2016
Banking shares helped lift Saudi Arabia’s stock market on Tuesday as two lenders beat analysts’ earnings forecasts, helping boost investor sentiment across the region, while Egypt extended its correction.
04/13/2016
The result was an increase in cash holdings due to a lack of sukuk options to invest into.
04/13/2016
The bank's investment portfolio of SAR 28.6 billion at 31 March 2016 - a decrease of SAR 18.7 billion, or 39.5 %, from SAR 47.3 billion at 31 March 2015.
04/12/2016
Lenders’ loan-to-deposit ratio climbed to 125.9 percent from 121.8 percent in January, according to Bloomberg calculations.
04/10/2016
Barwa Bank’s customer deposits totalled QR25.5bn at a growth rate of 16.5% in 2015.
04/07/2016
The Group maintained an efficiency ratio (cost to income ratio) of 22.7 percent, which is considered one of the best ratios among financial institutions in the region, a statement said.
04/06/2016
This is a result of QNB Group's strong financial position, high quality of its assets and its leading position in the financial sector.
04/05/2016
Data showed that on a quarter on quarter basis the deal value declined in the first quarter of this year from $10.23 billion from 161 deals in the final quarter of 2015
04/05/2016
Regional markets correlation with oil prices remained high as oil, deficits and economic reforms continued to be key topics for the GCC countries.
04/05/2016
The increase in income is mainly attributable to fees on the acquisition and structuring of new investments and gains from exits completed during the year.