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Bahrain bad loans rise to $136mThe 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 More… |
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KFH net profit surges 33pc in Q3Kuwait 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 More… |
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ENBD's Q3 profit soars on lower provisionsEmirates 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 More… |
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UAE likely to fine banks for bad loansThe 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 More… |
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SABB posts 90.6pc rise in Q2 net profitThe 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 More… |
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Arab Bank Group 2010 net plunges 53pcArab 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 More… |
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More loan write-offs seen by UAE banksBanks in the United Arab Emirates may need to write-off more loans this year given the expected rise in non-performing loans, a central bank official said on Tuesday. On Monday, the United Arab Emirate's central bank governor sai More… |
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Nevada bank shut on bad real estate loansRegulators shut down Silver State Bank, saying the Nevada bank failed because of losses on soured loans, mainly in commercial real estate and land development. It was the 11th failure this year of a federally insured bank in the US More… |
