Banking

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SME Banking

Emirates NBD plans $2bn bond sales
Emirates NBD plans to sell up to $2bn of bonds in Japanese yen and Malaysian ringgit to help diversify its investor base and lower funding costs, the bank's general manager for global markets and treasury, John Eldredge, told Bloomberg. The bank is setting up programmes of about $1bn each in the two currencies and expects to borrow in the second half of this year.
United Arab Emirates: Wednesday, May 14 - 2008 at 07:04

UIB earnings up 83% in Q1
Bahrain-based Unicorn Investment Bank has reported that its earnings rose by $20m in the first three months if this year, or 83%, from $24m in the first quarter of last year to $44m in 2008, reported Arab News. The bank said net profit attributable to its shareholders increased by $15.6m from $4.4m last year to $20m in the first quarter of this year.
Bahrain: Tuesday, May 13 - 2008 at 11:06

First Leasing Bank replaces CEO
First Leasing Bank, the equipment financing unit of Bahrain-based Ithmaar Bank, has hired Gregory Brinkerhoff from Oracle Corp. to be its CEO, reported Bloomberg. Brinkerhoff was a member of Oracle's vendor financing management team and replaces James Cracco at First Leasing, the bank said in a statement.
Bahrain: Tuesday, May 13 - 2008 at 10:26

UAE banks to perform well in 2008
A new report by Fitch Ratings says that UAE banks' positive performance in 2007 is expected to continue in the current year. Similar to the other GCC countries, the UAE banking sector continues to benefit from a buoyant operating environment, principally driven by high oil prices resulting in increased government infrastructure spending and general growth in both retail and corporate lending, the report said.
United Arab Emirates: Tuesday, May 13 - 2008 at 08:30

Shamil in Europe realty venture
Shamil Bank of Bahrain, Sharjah Islamic Bank and Swiss-based Faisal Private Bank have partnered to offer a EUR150m Sharia-compliant Central and Eastern European Real Estate Fund. The fund looks into income generating real estate assets in Central and Eastern Europe, has a term of five years.
Bahrain: Monday, May 12 - 2008 at 09:09

Unicorn up by 83% in Q1
Unicorn Investment Bank showed strong performance during the first quarter of 2008, as earnings rose by 83%. It jumped from $24m during the previous year's quarter to $44m in 2008. Unicorn has successfully closed a $125m 3-year Syndicated Commodity Murabaha Facility.
Bahrain: Sunday, May 11 - 2008 at 14:41

GBCORP expands into energy advisory
Global Banking Corporation (GBCORP) has set up a subsidiary operation in tie up with Washington DC based investment banking firm Taylor-DeJongh. The subsidiary will focus on the energy sector and will look into GBCORP's projects in the oil & gas and power sectors.
Bahrain: Sunday, May 11 - 2008 at 09:22

Qatar, Bahrain plan bank JV
Qatar and Bahrain's chambers of commerce are planning to set up a joint bank, according to the Chairman of Bahrain Chamber of Commerce and Industry, cited The Peninsula. The two chambers have agreed on several other investment projects and have already set up a joint Takaful Insurance company.
Qatar: Saturday, May 10 - 2008 at 09:16

Index : Banking : Page 17