Mashreq bank posted a 2 percent rise in first-quarter earnings, as a fall in provisions outweighed lower total income. Net profit increased to 271 million dirhams ($73.8 million) in the period, up from 265.3 million dirhams a year earlier, a bank statement said.
April 25, 2012 10:39
Q4 earnings fall almost 59 pct - Reuters calculations; Net interest, Islamic income down 15 pct in 2011; Fee, commission income fall 8 pct; Provisions decrease 32 pct in 2011
February 2, 2012 1:35
Mashreq retail NPL ratio to improve - exec; Retail banking sector to remain difficult in 2011; Bank to focus on retaining existing customers
April 19, 2011 2:56
Some banks write off debt after just 180 days.
June 20, 2010 2:29