Mashreq Bank expects its retail non-performing loans (NPLs) to improve in 2011 after bad loans peaked last year, the head of Dubai lender's retail bank said on Tuesday.
While the overall retail banking sector may continue to face chall
HC Research cut its share-price target on Abu Dhabi-based First Gulf Bank on rise in loan loss provisioning owing to an expected non-performing loan (NPL) regulation, and economic conditions.
The brokerage raised its fiscal 2010 forecast f
Capital Intelligence (CI), the international credit rating agency, has reduced the foreign currency long-term rating and the financial strength rating of MashreqBank from A+ to A-.
The move comes in view of the increase in non-performing l