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Mashreq Bank Q1 Net Profit Up 2 Percent

Mashreq Bank Q1 Net Profit Up 2 Percent

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
 
Dubai Mashreq Q4 net falls; fee, interest income down

Dubai Mashreq Q4 net falls; fee, interest income down

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
 

Dubai’s Mashreq Bank retail NPLs peaked in 2010 – exec

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
 

Credit card defaults expected to drop

Some banks write off debt after just 180 days.

June 20, 2010 2:29
 
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