Thursday 21 August 2014
 
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Mashreq Q2 net profit jumps 45pc

Mashreq, Dubai's third-biggest lender by assets, on Wednesday posted a 45 per cent jump in second-quarter net profit.   The lender made a net profit of Dh585 million ($15

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Mashreq posts 35pc rise in profit

Dubai's Mashreq, the emirate's third-biggest lender by assets, reported a 35 percent increase in first-quarter net profit on rising income thanks to improving economic conditions. The lender made a net profit of 575 millio

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Emirates NBD profits surge 25pc

Emirates NBD, Dubai's largest lender, said on Thursday its first-quarter net profit rose 25 percent on the back of both interest and fee income, beating analysts' forecasts. The lender, 55.6-percent owned by state fund Inv

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Warba Bank to list on stock market Sept 3

Warba Bank, a Kuwait-based Islamic lender set up three years ago, will be listed on the country's stock exchange on September 3 after a restriction on public trading of the stock ended, an analyst and an industry source familiar with the mat

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KFH net profit up 21pc in Q2

Kuwait Finance House (KFH) , the Gulf state's biggest Islamic lender, reported a 21 per cent rise in second-quarter net profit on Tuesday, missing analysts' estimates. Net profit rose to 26.8 million Kuwaiti dinars ($94.2

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CEO-elect of fraud-hit Rakbank quits

The proposed new chief executive of National Bank of Ras al-Khaimah (Rakbank), one of two banks which earlier this month were named as victims of a massive global bank card fraud, has quit, two sources within the bank said. Ian La

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Rakbank says no money lost in cyber fraud

A Middle Eastern bank that fell victim to a major cyber fraud said on Friday that none of its customers had lost any money in a scam which it believed had also caught up lenders in the US and beyond. National Bank of Ras Al Khaima

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Moody's rating boost for Qatari banks

Qatari lenders will maintain strong financial metrics, including low levels of non-performing loans (NPLs), robust earnings and sound capitalisation, according to a report by Moody's Investors Service. However these positive f

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Rakbank launches Titanium credit card

UAE-based National Bank of Ras Al-Khaimah (Rakbank) has launched its Titanium Business credit card as part of its efforts to deliver competitive financial solutions to small-to-medium enterprises (SMEs).   Just like the Titani

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Omani lender hit by $39m prepaid card fraud

  Bank Muscat, Oman's largest lender, will take an impairment charge of up to RO15 million ($39 million) after a small number of prepaid travel cards were hit by fraud, the bank said on Tuesday.  

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