05/22/2012
It showed the combined net income of the banks from the six-nation Gulf Cooperation Council (GCC) swelled by 18 per cent year-on-year in the first quarter of 2012 and as high as 38 per cent over the fourth quarter of 2011.
05/21/2012
Mr. Drion, said that the most recent financial results, noting that CAE reported revenues of EGP341.1m for Q1 2012, an increase of 17.1% over the same period in 2011. This increase is attributed mainly to an increase in loan volumes (up 10.4% in the Q1 20
05/18/2012
Big names in the city like Mashreq and Standard Chartered do not have this service, their spokesperson confirmed to Emirates 24|7.
05/16/2012
The fund, HSBC’s third such fund in the UAE, is open to new and existing customers with cross border trading requirements. The bank has earmarked 30 per cent of the loans to Emirati-owned businesses.
05/14/2012
The bank continues a prudent policy towards building up a strong provision base and consolidating its balance sheet.
05/09/2012
UGB, in a statement, attributed rise in profits to improvement of affiliate commercial and real estate banking.
05/08/2012
BankMuscat launched Green Sports, its Corporate Social Responsibility initiative to develop a sporting nation.
05/03/2012
The company reported a growth in customer base to almost 21,000 customers in 2011, a 23% increase when compared to 2010.
05/02/2012
The Bank further increased the general reserve by KD14m to reach KD104m, in line with its strategic plan to create a "fortress balance sheet" and to further its capacity to grow and expand.
05/02/2012
The bank prides itself on being the first to offer an interest bearing business current account, collateral-free loans for companies demonstrating a solid business model, and most importantly a quick approval process with minimal documentation requirement
04/30/2012
Operating income increased by 12 per cent to RO 8.6 million in the first quarter of 2012 compared to RO 7.6 million for the same period in 2011. Total expenses were at RO 10.9 million, an increase of 5 per cent over the first quarter of 2011, mainly on ac
04/30/2012
The brand value reflects the premium a customer is willing to pay for products and services or the net present value of the estimated future cash flows attributable to the brand.
04/30/2012
Doha Bank Group chief executive officer R Seetharaman received the award from Juma al-Majed, chairman of Dubai Economic Council at a ceremony of the 7th International Conference on Social Responsibility attended by distinguished CSR leaders, bankers, acad
04/27/2012
Chief executive Rick Pudner told a media conference call that the bank was currently assessing its exposure and would contact the UAE central bank before the September deadline.
04/26/2012
Winners were chosen by a judging panel of industry experts selected from international rating agencies and from some of the region's leading financial centers.
04/25/2012
Demonstrating Mashreq's ongoing efforts on improving its assets quality, the provisions for loans and advances continued to decline by 46% and 50% as compared to Q1 2011 and Q4 2011 respectively to reach Dhs176m.
04/23/2012
Sheikh Abdullah Bahamdan, Chairman of NCB remarked that the Bank's strategy to diversify its sources of revenue has contributed to an increase in fee income from banking services by 29.0%, net special commission income by 11.2% compared to the same p
04/18/2012
HSBC said it will inject up to $97.4 million into the new combined entity of which it will own 51% and which will be renamed HSBC Bank Oman SOAG.
04/17/2012
First quarter 2012 net profits came 5.5% ahead of the fourth quarter of 2011.
04/13/2012
The announcement was made during the extraordinary general assembly of the Bank of Commerce and Development which was held in Benghazi, Libya on Thursday April 12th 2012. It approved QNB Group as a strategic partner of the Bank according to the memorandum