UAE bank profits predicted to rise 20% in 2013
Commercial banks in the UAE are expected to report net profit growth of about 20 percent in 2013, higher than…
Financial Results
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GCC corporate income up
Led by the banking sector, GCC corporate earnings surged 7.1 per cent to $31.2 billion in the first half of…
Al Hilal Bank eyes 42% jump in net income this year
Abu Dhabi-based Islamic lender Al Hilal Bank is eyeing a nearly 42 per cent increase in its net profit in…
Morocco's Attijariwafa Bank Profit Hit By Rise in Bad Debts
The bank is exposed to weak economies in sub-Saharan Africa where it is developing aggressively. And a slow-down in the…
Egyptian banks register profits despite economic uncertainties
Following the release of financial reports for the first half of the year, a number of banks have recorded consistent…
UAE banks facing pressure on margin, Standard Chartered CEO says
As UAE leaves behind the recovery phase and steadies itself to a new phase of economic growth, banks, while seeing…
Assets of top 10 GCC banks rise 16% to $743bn
The top ten GCC banks are among the fastest growing globally, led by QNB Group. They are likely to…
EFG Hermes will cut costs further after posting second-quarter loss
With 2Q13 earnings, EFG Hermes reports an increase in group revenues on strong performances by most fee-earning lines of business…
Israeli Banks Boost Second-Quarter Profit as Provisions Fall
Israel’s two largest lenders, Bank Hapoalim Ltd. and Bank Leumi Le-Israel Ltd., posted higher second-quarter profit as provisions for bad…
Saudi bank lending, M3 growth edge up in July
Saudi Arabia's M3 money supply growth accelerated to 15.0 percent year-on-year at the end of July from 14.0 percent in…
UAE central bank says monetary aggregate rose 7.8% on year
The UAE Central Bank said during the first six months of 2013, monetary aggregate M2 increased 7.8 per cent on…
Ithmaar Bank operating income stable at BD37m
Operating income continues to be stable at Ithmaar Bank at BD36.8 million, despite a significant compression of margins in…