Dubai's largest bank, Emirates NBD (ENBD), has taken advantage of strong support from lenders to sign a $1.7 billion three-year loan, $450 million more than it had originally sought, banking sources said on Thursday.
Commercial Bank of Dubai (CBD) has agreed to acquire around Dh3 billion ($816.8 million) of corporate loans from Royal Bank of Scotland, the Dubai-based lender said on Wednesday.
The portfolio of loans was mostly to large United A
Commercial Bank of Dubai said on Thursday it signed to obtain a $450 million, three-year loan which would be used for general business purposes.
The new loan has an interest rate of 1.25 percent above the London interbank offered
Commercial Bank of Dubai (CBD) said it has repaid Dh1.5 billion ($408.41 million) of support from the UAE government which it had received in the wake of the global financial crisis.
The UAE ministry of finance had injected Dh70 b
Commercial Bank of Dubai (CBD) is set to price its $500 million debut international bond issue on Tuesday after launching the deal at the tighter end of price guidance, indicating healthy investor demand.
The five-year bond will p
Commercial Bank of Dubai (CBD) has announced the launch of Attijari Mobile Banking, a convenient, flexible and secure service that will allow its customers to do banking transactions through any kind of web-enabled mobile device.
Commercial Bank of Dubai said its net profit for the full-year in 2011 rose slightly to Dh822 million ($223.80 million) compared to Dh820 million the previous year driven mainly by a drop in funding costs.
The total assets at the end of De
Commercial Bank of Dubai (CBD) has been awarded the prestigious CSR (Corporate Social Responsibility) label accreditation by the Dubai Chamber of Commerce and Industry.
This is in recognition of its performance as a responsible corporate c
Commercial Bank of Dubai's (CBD) Islamic operations expects deposit growth of 20 percent in 2011 as funds from the UAE and countries hit by unrest lifts deposits, its Islamic banking head said.
CBD saw Islamic banking deposits climb to 10