Saturday 23 June 2018
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.


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


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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