For full coverage of Middle East business, see MEED The earnings of GCC banks covered by Gulf Investment House fell by 0.7 per cent on a year-on-year basis to $5.6bn in the first quarter of 2016, the Kuwait investment bank…
Tag: banking
S&P affirms NBK at A+
For full coverage of Middle East business, see MEED Standard & Poor’s (S&P) has affirmed the long-term credit ratings of National Bank of Kuwait (NBK) at A+. All the bank’s ratings carry a stable outlook. “Our outlook on NBK is…
NBAD sells $750 million perpetual bonds
National Bank of Abu Dhabi’s (NBAD’s) inaugural dollar-denominated Tier 1 offering – a $750 million perpetual bond — was priced on 10 June. The bonds mature in five-years. They are rated at Baa3/BBB- by Moody’s and Standard & Poor’s respectively.…