Tuesday 19 June 2018
profit growth

Bank of Sharjah sees 25-30pc profit growth

Bank of Sharjah expects net profit growth of around 25-30 percent in both 2013 and 2014, aided by an improved performance of the economy in the United Arab Emirates, its chief executive said. Lenders in the UAE have on the whole p


Al Hilal Bank eyes $500m sukuk issue in Q4

Abu Dhabi government-owned Al Hilal Bank expects net profit growth of over 40 percent this year as it prepares to make a debut sukuk issue of $500 million in the fourth quarter, its top executive said on Wednesday. Earlier this we


NBAD eyes 20pc profit growth in 2010

National Bank of Abu Dhabi (NBAD) aims to boost full-year profit by up to 20 per cent in 2010, as the lender continues to expand locally by opening new branches, its chief executive said. 'Our target level is a 25 per cent return on eq


Mashreq sees 12pc profit growth in 2009

Mashreq, Dubai's largest bank by market value, said on Tuesday it would not seek acquisitions until the global financial turmoil calms but expected 2008 profits to grow by 12 per cent. Mashreq chief executive Abdul Aziz Al-Ghurair told

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