Saturday 18 November 2017
 
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Deposits

UAE bank deposits hit record $209bn in September

Term and savings deposits in both local and foreign currency in the UAE banks amounted to a total of Dh768.3 billion ($209.14 billion) in September against Dh752.3 billion in August, increasing by around Dh16 billion, amounting to, according to

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Abu Dhabi banks post $2.45bn income in Q2

The net income of Abu Dhabi-based commercial banks amounted to Dh9 billion ($2.45 billion) during Q2 2017, a growth of 4.1 per cent from Dh8.64 billion during the corresponding period in 2016. Net interest income amounted to Dh5.2

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UAE Central Bank deposits top $33 billion in H1

The total value of monetary deposits at the UAE Central Bank amounted to Dh123 billion ($33.5 billion) during the first half (H1) of the year, Dh122.95 billion of which are in banknotes and Dh50 million in coins, a report said. On

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UAE public, private sector deposits top $11bn in Q1

Bank deposits made by UAE’s public and private sectors amounted to Dh41.4 billion ($11.27 billion) at the end of the first quarter (Q1) of the year, according to recent statistics by the UAE Central Bank. Driven by improved

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UAE government deposits drop by $13bn

UAE-based National Bank of Abu Dhabi (NBAD) said government deposits dropped by Dh48 billion ($13 billion) in past 12 months after it reported a three per cent fall in third-quarter profit. The bank's chief executive Alex Thur

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Gulf's days of easy money ending over oil price slump

The days of very easy money are drawing to a close in the rich Gulf Arab oil-exporting economies as money market rates start to rise, partly because of the damage which cheap oil is doing to government finances. Loose liquidity cr

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Oil plunge slows deposit growth at Gulf banks

Low oil prices are slowing or reversing deposit growth at Gulf Arab banks, but not enough to cause the liquidity squeeze that bankers fear. Deposits from governments, quasi-government bodies and national oil companies provide arou

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Basel III deposit challenge looms over Islamic banks

As banks around the world gear up to meet tough Basel III regulatory standards, Islamic lenders face a source of uncertainty that could prove expensive for them: how regulators will treat their deposits. In most ways, Islamic bank

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Last-minute Cyprus deal; heavy loss for big depositors

  Cyprus clinched a last-ditch deal with international lenders to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailo

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How Europe decided to punish Cyprus savers

  Just three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough.   Hours before

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