08/04/2014
The huge deposits have reportedly helped the Saudi banks to increase their lending capacity and, eventually, led them to achieve record profits year after year reaching some SR 38bn by the end of last year.
08/04/2014
Total Assets Reach KD 4.0 Billion
08/04/2014
While operating income has increased by 4 per cent to OMR25.3 million as compared to the same period last year, operating expenses were controlled at OMR 8.2 million resulting in a lower cost to income ratio of 32.3 per cent.
08/01/2014
At the MENA banking level deposit growth over the first five months of the year maintained last year's corresponding period level of circa $67.8 billion, loan growth reported a net improvement from $30.7 billion to $43.3 billion between the two perio
07/29/2014
Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending.
07/28/2014
Banque Du Caire eyes attaining 25% growth rates in all banking sectors
07/27/2014
"The results reflect a strategy based on attracting more sources of capital and utilising them more effectively," said chairman Michel Marto, adding that customer deposits rose 3.6pc to $7.5bn compared with the end of last year.
07/27/2014
For the second quarter of this year, net profit increased to BD2.5m compared with BD901,000 in the corresponding period last year while operating income rose by 86pc to BD4m from BD2.2m in the same period last year.
07/24/2014
Commercial International Bank (CIB) saw Q2 consolidated net income rise 39 per cent on year-ago levels to EGP 932 million . H1 revenues were up 17 per cent to a record EGP 3.79 billion.
07/24/2014
Emirates NBD, Dubai's largest lender, on Thursday posted a 34.8 percent jump in second-quarter net profit, beating analysts' forecasts despite a significant hike in impairments.
07/23/2014
Commercial Bank of Qatar , the Gulf Arab state's second-largest lender by assets, suffered a 3 percent decline in second-quarter net profit, Reuters calculations based on half-year figures from the bank showed on Wednesday.
07/23/2014
Shareholders' Equity increased by 14% to USD 851.1 million compared with USD 745.6 million at the end of December 2013.
07/22/2014
Abu Dhabi Commercial Bank , the fourth-largest lender by market value in the United Arab Emirates, beats estimates on Tuesday as it posted a 22 percent rise in second-quarter net profit.
07/22/2014
HSBC Bank Oman posts Q2 2014 results
HSBC Bank Oman S.A.O.G. announced a net profit of OMR 5.7 million for the first half of 2014.
07/22/2014
Loans and advances up by 11 per cent to Dh11.8 billion in the first six months of the year
07/22/2014
That is because the competition for lending has intensified and record low interest rates mean that the margins it gets are compressing.
07/21/2014
Customer financing up 15.7%
07/21/2014
On behalf of the Board, Dr. Fakhro expressed his satisfaction on the results and the consistent progress achieved over the years.
07/20/2014
"Emirates NBD informed the ministry this week that it had repaid 4 billion dirhams to the Finance Ministry which is the final payment of the government subsidies that the bank had received," the ministry's website quoted undersecretary Youn
07/20/2014
Union National Bank (UNB), 50 percent owned by the Abu Dhabi government, slightly beat analysts' forecasts on Sunday with a 5.6 percent rise in second-quarter net profit.