For full coverage of Middle East banking developments, see MEED The Saudi Arabian Monetary Agency (Sama) has increased the maximum loan-to-deposit ratio for the kingdom’s 12 commercial banks to 90 per cent from 85 per cent to counter evidence of…
Category: Banking
NBK reports 8 per cent profit growth
For full coverage of Middle East business, see MEED National Bank of Kuwait (NBK) reported a 7.8 per cent growth net profits of $929.7m (KD 282.2m) in 2015 from $862.6m (KD 261.8m) in 2014. Total assets as of year-end 2015 reached…
ME investment banking fees fell 16 per cent in 2015
Middle Eastern investment banking fees reached $636.4 million during full year 2015, 16 per cent less than the value recorded during full year 2014 and the lowest annual period for investment banking fees in the region since 2012, the annual…
Bank Muscat records 8 per cent profit growth in 2015
For full coverage of Middle East business, see MEED Bank Muscat, Oman’s largest commercial bank, reported a net profit of OR 39.2 million in the fourth quarter of 2015 and OR 175m for the year as a whole, 8 per…
Banque Saudi Fransi reports 15 per cent profit growth in 2015
For full coverage of Middle East business events, see MEED Higher operating income and lower bad-loan provisioning lifted net profits at Banque Saudi Fransi (BSF) by 15 per cent to SR 4.04bn, NBK capital said today in a commentary on…
QNB reports 8 per cent profit rise in 2015
Qatar National Bank (QNB), the Middle East’s largest commercial bank in terms of assets, said that its net profit for 2015 as a whole rose by 8 per cent to QR 11.26bn on higher operating income and lower loan provisions.…
NBK Capital upgrades NBAD to buy
For full coverage of Middle East business events, see MEED NBK Capital said on 29 December that it had upgraded its recommendation for shares in National Bank of Abu Dhabi (NBAD) to buy from hold despite cutting their fair value…
UAE leads $120m loan for Aegean Oil
United Arab Bank (UAB) has closed of a $120 million credit facility for Aegean Oil Terminal Corporation, a New York Stock Exchange subsidiary of Aegean Marine Petroleum Network Incorporated (AMPNI). The credit facility marks the first syndicate lead for UAB…
Fitch affirms ratings of five Bahrain banks
For full coverage of business developments in the Middle East, see MEED Fitch Ratings has affirmed National Bank of Bahrain’s (NBB’s), BBK’s and Arab Banking Corporation’s (ABC’s) long-term issuer default ratings (IDRs) at BBB-. Fitch has also affirmed Ahli United…
Modest rise in GCC bank third quarter net earnings: Gulf Investment House
For full coverage of business developments in Iran and the Middle East, see MEED Net earnings of GCC covered by Gulf Investment House increased 3.7 per cent year-on-year to $5.6bn in the third quarter of 2015. Net profit of banks…