2009
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BBK reports healthy profit rise
Bahrain-based bank BBK has said its net profit for the first nine months of this year rose 25% to... Read full article »
Blom Bank reports rising profits
Lebanon-based lender Blom Bank has reported a 3.5% rise in its net profit for the first nine... Read full article »
Mashreq net income declines 26%
Mashreq has posted a net income of Dhs1.12bn for the nine months ending 30 September 2009. This... Read full article »
Arab Banking Corp posts $80m net profit
Arab Banking Corporation has reported a consolidated group net profit of $80m for nine months... Read full article »
GFH rights issue passes $200m
Bahrain-based Islamic investment bank, Gulf Finance House (GFH) has said that receipts from its... Read full article »
Rakbank reports Dhs530m profit
The National Bank of Ras Al Khaimah, Rakbank has reported a net profit of Dhs530.6m for the nine... Read full article »
National Bank of Fujairah books profit rise
National Bank of Fujairah has reported a net profit of Dhs70.2m for the nine months ended... Read full article »
NCB books heavy provisions in light of Saad and Algosaibi concerns
National Commercial Bank (NCB), the Saudi Arabia's largest lender by assets, has booked SR769.7m... Read full article »
Gulf banks may still see rise in bad loans, says IMF
Gulf banks may still face an increase in bad loans but it would take a very large increase in... Read full article »
New bank rules to spur deposit contest in Bahrain
Bankers have said that the decision by the Central Bank of Bahrain, which requires all banks to... Read full article »
Emirates NBD seeks approval to transfer shares
Emirates NBD, which was formed after a merger of Emirates Bank International and National Bank of... Read full article »
ADCB profit plummets 90%
Abu Dhabi Commercial Bank, the third largest lender in the emirate, said today its net profit for... Read full article »
National Bank of Abu Dhabi Q3 profit up 41%
The National Bank of Abu Dhabi has reported a net profit of Dhs914m ($248.8m) in the third... Read full article »
UAE mulls new system for grading loans
The UAE's central bank has sent a circular to all banks in the country informing them of plans to... Read full article »
Algosaibi seeks accord with UAE lenders
Ahmad Hamad Algosaibi & Bros., a Saudi Arabian group that defaulted on debt payments earlier this... Read full article »
