Saturday 1 October 2016
 
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bad loan

ENBD profit up 16pc as bad loan provisions drop

Dubai's largest lender, Emirates NBD (ENBD), reported a 16 per cent rise in second-quarter net profit on Monday, broadly in line with analysts' forecasts, aided by a cut in the amount of cash it sets aside to cover bad debt.

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UAE banks bad loan provisions down

  UAE banks slightly reduced bad loan provisions in October for the first time since they launched a provisioning drive to strengthen their financial position in the wake of the 2008 financial crisis, figures by the Central Bank

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Iran bad loans balloon to $48bn

Iran's state-dominated banking system has $48 billion in non-performing loans and it is on the verge of a crisis, the Islamic Republic's central bank governor said in comments published on Monday. 'How would it be possible for

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