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banking and finance

200-SABB

Saudi British bank second quarter profit up 7.4 percent, beats estimates

SABB Q2 2012 net profit 915 mln riyals vs 852 mln yr-ago; Profit up on increased operating income, decreased costs; Loans and advances up 18.7 pct, deposits up 18.6 pct

July 11, 2012 11:00
 
200-al-rajhi-bank

Saudi Al Rajhi second quarter net profit up 13.6 percent

Saudi Arabia's Al Rajhi Bank posted a 13.6 percent rise in its second quarter net profit, helped by a 12.3 percent jump in operating income, it said in a statement posted on the bourse website on Tuesday.

July 11, 2012 10:40
 
Samba

Samba Financial second quarter net profit edges higher

Samba Q2 profit up 5.1 pct on higher operating income; Q2 profit 1.16 bln riyals vs 1.1 bln riyals yr-ago; Operating income up 6.7 pct year-on-year

July 11, 2012 10:33
 
uae banking lending limit extension

UAE banking sector to see slow but sustainable growth – SICO

Says central bank regulations to impact banking sector growth; Starts Abu Dhabi Commercial Bank with "neutral" rating

June 21, 2012 5:16
 
Oman-Nizwa-riyal

Oman Central bank board term extended by 5 years

The terms of members of Oman's central bank board have been extended by a further five years without any changes, a senior central bank official said on Wednesday.

June 20, 2012 5:42
 
UAE-economy-minister-cuts-2012-GDP-growth-outlook

UAE feels no pressure to issue bonds

The government of the United Arab Emirates will further discuss its plan to introduce a law allowing public debt issues at the federal level, and it feels no pressure to issue bonds despite a budget deficit, Obaid Humaid al-Tayer, Minister of State for Financial Affairs, said on Tuesday.

June 19, 2012 5:26
 
HSBC

Fitch cuts HSBC bank Middle East VR rating

Fitch has cut HSBC Bank Middle East's viability rating (VR) one notch because of asset quality concerns, while keeping its long-term default rating at 'AA-', one notch below the main HSBC group.

June 19, 2012 10:18
 
UAE may face risks from deepening euro crisis

IMF: UAE may face risks from deepening euro crisis

UAE banks only moderately exposed to Europe; Able to handle significant rise in bad loans; but foreign funding shock could tighten bank liquidity

June 10, 2012 5:52
 
Loan-growth-will-boost-Saudi-banks-profits

Loan growth will boost Saudi banks’ profits

Profit growth for Saudi banks in 2012 will be driven by strong growth in loan volumes, particularly in the retail segment, NCB Capital said upgrading Arab National Bank (ANB) to "overweight."

June 6, 2012 11:52
 
ENBD

Dubai’s Emirates NBD names new investment banking unit chief

Emirates NBD, Dubai’s largest lender, named Mohammad Kamran Wajid as chief executive of its investment banking arm Emirates NBD Capital,…

May 23, 2012 11:39