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Iranian central bank blamed for country's biggest fraud case
Iran's prosecutor general Gholam Mohseni-Ejeii has said the $2.6bn fraud case took place due to... Read full article »
Lebanon's BankMed posts 7.9% rise in 2012 profits
Lebanese lender BankMed has posted a 7.9% increase in 2012 net profits to $126.7m, compared with... Read full article »
CI affirms QNB's 'AA-' ratings
The Financial Strength Rating of Qatar National Bank (QNB) has been affirmed at 'AA-' by Capital... Read full article »
Qatar to set up $1bn global Islamic bank
Qatari finance minister Youssef Kamal has said the government expects to proceed soon with its... Read full article »
Union Bank of India opens Dubai office
Union Bank of India, the sixth largest public sector bank in the Subcontinent, has opened its... Read full article »
QIIB approves $2bn bond plan
Shareholders of Qatar International Islamic Bank (QIIB) have approved a $2bn sukuk issuance to... Read full article »
ENBD picks banks for bond sale
Dubai's biggest lender, Emirates NBD (ENBD) has hired six banks to help arrange a benchmark-sized... Read full article »
Saudi lenders reported over SR35bn in combined income last year
According to a report by the National Commercial Bank (NCB), net income reported by the 12... Read full article »
Lebanon's non-life premiums climb 7%
Lebanese lender Byblos Bank Group has said the country's insurance sector has seen reasonable... Read full article »
Bank Muscat to raise dollar funds
Oman's Bank Muscat has said it planning to raise US dollar funds under its Euro Medium Term Note... Read full article »
Lebanese banks' employees may stage strike if demands not met
Lebanon's Bank Employees Association (BEA) has said it would go on strike next month if lenders... Read full article »
BKIC nearly doubled Q4 2012 income
Bahrain Kuwait Insurance Co (BKIC) has said its 2012 net profit rose to BD4.2m from BD4.15m in... Read full article »
Bahrain's NBB plans BisB acquisition
The National Bank of Bahrain (NBB) is expected to announce this week details of its proposed... Read full article »
Saudi consumer loans jump 21%
Saudi Arabian Monetary Agency (Sama) has said that consumer loans granted by banks in the kingdom... Read full article »
Moody's places 12 GCC banks' debt on review
Moody's Investors Services has said the subordinated debt rating of 12 banks in the GCC have been... Read full article »
