10/27/2016
The slump in crude prices has sparked a wave of budget cuts across the Gulf region, prompting economic growth to slow and liquidity problems for banks accustomed to relying on countries’ excess energy receipts for funding.
10/27/2016
KAMCO also provides the necessary tools and innovative products that help investors make informed decisions, which adds value to their investment strategies.
10/26/2016
The loan book increased by 1.1% MoM after declining by 1.7% MoM in August 2016
10/25/2016
The challenging operating environment and the turbulent markets have impacted the industry, our underlying performance and fundamentals remain strong and we continue to grow our businesses.
10/24/2016
Total net profit for the quarter was 1.01 billion dirhams, down from 1.20 billion dirhams in the year earlier period.
10/24/2016
Banks in the United Arab Emirates are facing a more difficult operating environment as the more-than-two-year collapse in oil prices feeds through into higher levels of soured loans and compressed net interest margins.
10/24/2016
Our balance sheet remains resilient and registered a healthy growth in net loans and customer deposits year to date, 10% and 7% respectively.
10/23/2016
Operating in a tighter liquidity environment, the Bank also increased its time deposits significantly, which resulted in higher cost of funds year on year.
10/21/2016
The bank’s loan portfolio increased by almost 15% compared to the same period last year.
10/20/2016
Q3 attributable loss 1.04 mln riyals
10/20/2016
The benefits of leverage, and the ability to make gains when underlying shares are falling as well as rising, are among the innovative features that the market offers.
10/20/2016
Doha bank sustained the core income as the net interest income is up by 2.1% as compared to same period in 2015
10/19/2016
Earnings per Share amounted to QAR 2.64 compared to QAR 2.65 for the same period of the previous year
10/17/2016
Bankers say the worst is over for the sector and the skips are declining.
10/17/2016
Oman's second-largest lender by assets and Bank Sohar have been exploring a possible merger for more than three years.
10/17/2016
A small number of potential buyers from both Saudi Arabia and the wider Middle East have started negotiations
10/17/2016
Third-quarter bank earnings have been affected, however, by a number of holidays and the summer business slowdown.
10/11/2016
Nine-month net profit increased to 3,088 mln EGP, up by 33 pct year on year
10/11/2016
QNB Group completed the acquisition of 99.88 percent stake in Finansbank A? – Turkey, during the year.
10/10/2016
The bank will send about 6 percent of its workforce into early retirement this year, shedding 700 jobs, according to a June filing.