Banking

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SME Banking

DIB opens new branch in Dubai
Dubai Islamic Bank has opened of a new full-service retail branch in Dubai, increasing its total UAE-wide branch network to 49. The new branch is located in the Jumeirah Beach Residence within the Dubai Marina area of the emirate.
United Arab Emirates: Wednesday, July 02 - 2008 at 10:29

National Bank of Fujairah gets $210m loan
National Bank of Fujairah has borrowed Dhs772m ($210m) from a group of 12 banks to refinance debt and enable it to lend more, reported Bloomberg. National Bank was initially seeking a three-year loan of $150m, but increased it after banks led by Commerzbank agreed to lend more, the bank said in a statement.
United Arab Emirates: Wednesday, July 02 - 2008 at 07:45

HSBC unveils EIBOR-based mortgage in UAE
HSBC Middle East Limited is introducing an EIBOR-based mortgage, which guarantees to follow the Emirates Interbank Offered Rate for the life of the loan. The new mortgage from HSBC will be benchmarked to three months EIBOR plus a fixed margin depending on the Loan to Value (LTV). Loans of up to 60% LTV, rates start from three month EIBOR + 4%.
United Arab Emirates: Tuesday, July 01 - 2008 at 14:34

Qatari group buys stake in Alpha Bank
A Qatari group has bought a 4% stake in Alpha Bank, Greece's third-largest bank, for 296 million euros ($468m), reported Bloomberg. Paramount Services Holding, which says it represents one of the most prominent families in Qatar, is now the biggest shareholder in the Athens-based bank after the founding Kostopoulos family and Stichting Pensioenfonds, Europe's second-largest pension plan.
Qatar: Tuesday, July 01 - 2008 at 07:58

UNB offers rent loan for SMEs
Union National Bank (UNB) has launched a new product offering Small and Medium Business Enterprises (SMEs) loans to rent commercial properties including office premises, shops, warehouses and factories. Business owners who take advantage of the loan can choose monthly repayments over a three, six or 12-month term.
United Arab Emirates: Monday, June 30 - 2008 at 11:06

Dubai Financial seeks Dhs1.5bn loan
Several banks are arranging for a Dhs1.5bn Islamic loan for the Dubai Financial Group, Reuters has reported. The murabaha facility will be used for general corporate purposes. Dubai Financial is a unit of Dubai Holding, which has invested in financial services firms in South East Europe, the Middle East and North Africa and Asia.
United Arab Emirates: Monday, June 30 - 2008 at 08:42

Commercial Bank sets pricing on GDR
The Commercial Bank of Qatar has announced that the pricing for its international offering of global depositary receipts (GDRs), representing its ordinary shares, has been set at $7.50 per GDR, with each GDR representing an interest in 0.20 ordinary shares.
Qatar: Sunday, June 29 - 2008 at 09:43

Bahrain banks hit $245.8m income
The Central Bank of Bahrain's 2007 annual report showed Bahrain's consolidated balance sheet for retail and wholesale banks increased by 31.2% in 2007, totaling $245.8bn, Bahrain Tribune has reported. Domestic banking assets amounted to $37.5bn, up by 36% from 2006 while foreign assets amounted to $208.3bn compared to $159.7bn at the end of 2006.
Bahrain: Saturday, June 28 - 2008 at 09:24

Index : Banking : Page 32