Sunday 21 December 2014
 
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bad loans

Kuwait central bank aims to cut bad loans to 2pc

Kuwait's central bank aims to cut the bad loan ratio among Kuwaiti commercial banks to below 3 per cent of total loans by the end of this year from 3.2 per cent at present, central bank governor Mohammad al-Hashel said. Hashel

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China setback as bad loans rise to $103.6bn

China's bad loans increased sharply in the first three months of the year, official data showed, with analysts saying yesterday the total was at its highest in almost three years. Outstanding non-performing loans at Chinese ba

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JPMorgan 'in $13bn deal with US Justice Dept'

JPMorgan Chase & Co has reached a tentative $13 billion deal with the US Justice Department and other government agencies to settle investigations into bad mortgage loans the bank sold to investors before the financial crisis, a source famil

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ENBD sees bad loans at 14-15pc in 2013

Bad loans as a proportion of the bank's total lending book will be 14-15 percent this year, instead of a previous estimate of 15-16 percent, Surya Subramanian, chief financial officer of Emirates NBD, Dubai's largest lender, said.

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Bahrain bad loans rise to $136m

The Central Bank of Bahrain (CBB) has reported BD51.5 million ($136 million) in bad loans last year, said a report in our sister paper Akhbar Al Khaleej. “Bad loans averaged 3.4 per cent of the total consumer loans which top

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KFH net profit surges 33pc in Q3

Kuwait Finance House (KFH) , the country's biggest Islamic lender, reported a 33 per cent increase in third-quarter net profit on Wednesday, beating analyst estimates. Net profit rose to KD33.7 million ($119.9 million) from KD

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ENBD's Q3 profit soars on lower provisions

Emirates NBD, Dubai's largest bank by market value, on Monday said third-quarter net profit more than tripled on the back of lower provisioning for bad loans and higher non-interest income, beating analysts' forecasts. The

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UAE likely to fine banks for bad loans

The UAE may soon fine banks which grant loans to consumers who are unable to pay back the debt, the central bank governor was quoted as saying in remarks published on Saturday. The UAE is working on a law to protect consumers' rights, whic

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SABB posts 90.6pc rise in Q2 net profit

The Saudi British Bank (SABB) posted a 90.6 per cent rise in its second quarter net profit, beating analysts' forecasts, the bank said in a bourse statement on Tuesday. SABB, an affiliate of the HSBC Group, attributed th

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Arab Bank Group 2010 net plunges 53pc

Arab Bank Group, one of the leading financial groups in the Middle East, has posted a 53 per cent drop in its 2010 net profit. The net profit touched $251 million after it set aside hefty provisions for bad loans for a second consecut

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