Friday 1 August 2014
Balance sheet

Qatar Islamic banks' balance sheet to hit $100bn

Qatar’s Islamic banks' balance sheets are expected to grow to $100 billion by 2017, according to a recent report by global credit rating agency Standard and Poor’s. Saudi Arabia, UAE and Qatar will all increase the


Bahrain banks' balance sheet soars to $201bn

The consolidated balance sheet of the banking system in Bahrain, comprising retail and wholesale banks, stood at $201.1 billion at the end of September this year, up 1.3 per cent over the same time last year, said a report. This w


Saudi’s MMG inks $120m loan deal

Saudi construction firm Mohammad Al Mojil Group (MMG) signed a SR450 million ($120 million) loan deal to help support its balance sheet, it said in a statement on Sunday. The loan will 'support the solvency of the company and its opera


UGB boosts 2011 balance sheet

United Gulf Bank (UGB), the investment banking and asset management subsidiary of Kipco Group, managed to strengthen its balance sheet last year despite testing times for the sector. The bank retained a strong balance sheet with total equi


GCC banks no longer offer deep value: Goldman

Gulf Cooperation Council (GCC) banks 'no longer offer deep value,' but strong balance sheets show they are better positioned to address funding constraints amid growing tensions in global financial conditions, Goldman Sachs said. G


BBK posts $72m profit despite 'difficult times'

Bahrain-based BBK earned a net profit of BD27.1 million ($72 million) in the first nine months of the year against BD31.3 million ($82 million) for the same period last year. 'Comparing the performance for the current year, with the p


Bahrain’s banking sector grows 4.6pc

The consolidated balance sheet of Bahrain’s banking system increased 4.6 per cent or $9.7 billion to $222.4 billion at the end of September. At the end of June, the consolidated balance sheet stood at $212.7 billion, according to the Centr

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