QNB reports 32pc growth in profits
Qatar National Bank (QNB) Group reported 32 per cent growth in its net profit for 2011 exceeding 7.5 billion Qatari…
Financial Results
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StanChart sees 25-30% growth in pvt banking in 2012
Standard Chartered India is eyeing 25-30 per cent growth in its private banking business in 2012. This is part of…
UAE’s corporate earnings grow 4%
Total net profit of the UAE’s corporate sector grew 4.3 per cent to touch Dh26.5 billion for the first nine…
Credit Suisse to Cut Bonuses 40% This Year
Credit Suisse Group will reduce bonuses for its employees by 40 percent this year, Der Sonntag reported, citing people familiar…
Islamic finance lender reports healthy quarterly results
Al Baraka Islamic Bank, a subsidiary of Al Baraka Banking Group, earned net income of BD1.36 million ($3.6 million) during…
UBS to take axe to investment banking
UBS’s strategy is centered on its wealth management businesses and it will strengthen its leadership position in the most attractive…
Ithmaar Bank posts profit of $2.7 million
Bahrain-based Ithmaar Bank posted a profit of $2.7 million for the first nine months of the year in spite of…
Egypt-based private bank says 3Q profit strong despite economy
National Societe Generale Bank (NSGB) , Egypt's second-biggest private bank by market capitalisation, shrugged off domestic economic and political woes…
ABC Islamic Bank registers nine month profit of $6.7m
ABC Islamic Bank has announced a net profit of $6.7m for the first nine months of 2011, 320% higher than…
Gulf Finance House returns to black
But in the wake of the financial crisis, Gulf Finance House, the Bahraini investment bank, has been forced to…
DIB posts 10.5% profit growth
Dubai Islamic Bank (DIB), a leading UAE bank, said its nine-month net profit rose 10.3 per cent to Dh850 million…
Waha Capital nine-month profit falls
Waha Capital, the diversified strategic investment firm based in Abu Dhabi, said its net profit for the nine-month period ended…