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Five Egyptian lenders downgraded by Moody's
Credit rating agency Moody's Investors Service has downgraded the standalone credit assessment of... Read full article »
Bank Muscat set to close $150m private placement
Omani lender Bank Muscat is expected to close its private placement of shares with an... Read full article »
VCBank swings to profit in 2012
Bahrain-based Venture Capital Bank (VCBank) has said its net profit for 2012 rose to $18.5m,... Read full article »
Qatar in talks to invest $3.5bn in Russian lender
Qatar's sovereign wealth fund and Russia's second-largest bank VTB are in advanced talks about... Read full article »
Saudi Arabia empowers judges to access defaulters' bank accounts
The Saudi justice ministry has decided to empower judges to access and withdraw funds from bank... Read full article »
UAE banks seeking amendments on bounced cheques law
The Emirates Banks Association has said lenders operating in the UAE plan to make recommendations... Read full article »
Gulf International posts $118m in net income
Bahrain-headquartered Gulf International Bank (GIB) has reported a 13% year-on-year jump in net... Read full article »
Lebanese banks report 8% rise in 2012 deposits
The governor of Lebanon's central bank, Riad Salameh has said the overall assets of commercial... Read full article »
SWIFT says Iranian lenders bypassing sanctions
Belgium-headquartered Society for Worldwide Interbank Financial Telecommunication (Swift) has... Read full article »
Banque Libano-Francaise expands into Iraq
Lebanon's Banque Libano-Francaise (BLF) has opened its first branch in Baghdad, as part of the... Read full article »
Egyptian agri-lender to launch Shari'ah-compliant services
Egypt's main agricultural bank, Principal Bank for Development and Agricultural Credit (PBDAC),... Read full article »
Lebanon's Banque BEMO posts 19.4% drop in 2012 profit
Lebanese lender Banque BEMO has said its net profits in 2012 fell 19.4% to $5.3m, compared with $... Read full article »
ADCB selects lenders for possible bond sale
Abu Dhabi Commercial Bank (ADCB), the third-biggest UAE lender, has selected banks for a... Read full article »
QNB submits tender offer for NSGB acquisition
The Egyptian Financial Supervisory Authority has said that Qatar National Bank (QNB) has... Read full article »
Barclays to shut down tax advisory unit, trim headcount
British lender Barclays has announced it is to close a profitable but controversial tax advisory... Read full article »
