Financial Results

Financial Results

NCB's net income reached SR 5,068 million for first half of 2016, an increase of 2% over first half of last year

July 18, 2016

The National Commercial Bank announced that net income for the first half 2016 reached SR 5,068 million compared to SR…

Read More

Financial Results

UAE banking sector growth expected to remain soft in 2016

July 18, 2016

The UAE’s banking sector earnings are expected to soften further in the second quarter as many banks are likely to…

Read More

Financial Results

NBK posts KD 150.6mn net profit in H1 2016

July 18, 2016

National Bank of Kuwait reported net profits of KD 150.6 million for the period of 1H 2016 compared to KD…

Read More

Comment & Analysis

Saudi's Riyad Bank beats forecasts with 1.6 pct Q2 net profit rise

July 18, 2016

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 1.6 percent rise in second-quarter net profit on Sunday, beating…

Read More

Financial Results

UAE's Union National Bank Q2 profit slides 17.3 pct, beats estimates

July 15, 2016

Union National Bank, 50 percent owned by the Abu Dhabi government, on Thursday posted a 17.3 percent drop in second-quarter…

Read More

Financial Results

Commercial Bank of Dubai Q2 profit falls 22 per cent

July 15, 2016

Commercial Bank of Dubai said its second quarter profit fell 22 per cent, weighed down by rising levels of bad…

Read More

Financial Results

Oman’s Bank Muscat Q2 net profit edges higher, lifts sector

July 14, 2016

Oman’s largest lender Bank Muscat posted a slight increase in second-quarter net profit on Wednesday, helped by a rise in…

Read More

Financial Results

QNB Group report net profit of QAR 6.2 billion for H1

July 13, 2016

For the first half of 2016, Net Profit reached QAR 6.2 billion, up by 12 per cent compared to last…

Read More

Financial Results

Oman's Bank Muscat beats estimates with marginal Q2 net profit rise

July 13, 2016

Bank Muscat, Oman's largest lender, beat the average forecast of analysts on Wednesday as it posted a marginal increase in…

Read More

Financial Results

Finansbank acquisition helps lift quarterly profits at Qatar National Bank

July 13, 2016

The Gulf's largest lender, Qatar National Bank, reported a 16 percent rise in second-quarter net profit on Tuesday, broadly in…

Read More

Financial Results

Qatar investment spending to fuel GDP growth, says QNB

July 13, 2016

Qatar’s real GDP growth is expected to grow from 3.3 percent in 2016 to 4.2 percent by 2018, as the…

Read More

Financial Results

NBO offers tap at 23bp NIP

July 13, 2016

Books for the increase are over $300m, including joint lead manager interest. Crédit Agricole and National Bank of Abu Dhabi…

Read More