Burgan Bank swung to a third-quarter net profit, according to a bourse statement on Sunday, but the earnings at Kuwait's third-largest lender by assets fell short of analysts' forecasts.
Dubai Islamic Bank posted a 55.7 percent rise in third-quarter net profit, helped by a jump in income from Islamic financing as well as fees, commissions and foreign exchange.
Bank Muscat has announced the Q3 financial results, approved by the board of directors. The bank posted a net profit of OMR 126.73 million for the nine month period ending 30 September 2014 compared to OMR 102.51 million reported during the same period in
Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2014 was $197 million, an increase of 11 per cent over the $178 million for the same period last year.
Commercial Bank of Qatar and its subsidiaries and associates announced a net profit of QAR 1,553 million for the first nine months of 2014, a 19 per cent increase in profitability compared to the equivalent nine months of 2013.
National Bank of Abu Dhabi expects its percentage rate of growth in lending to be in the high single digits in the coming months, although the profitability of its lending will continue to be contained by intense competition
Stock markets in the Middle East look likely to gain on Wednesday on the back of solid earnings posted, among others, by the United Arab Emirates' largest bank and several Saudi insurance companies, plus a positive global background.
HSBC Bank Oman S.A.O.G. announced a net profit of OMR 9.5 million for the nine months ended 30 September 2014. While this represented a 25.2 per cent decrease over the same period last year, the comparative period in 2013 had benefitted from significant r
Dubai Investments PJSC (DI) has announced a net profit of AED 995 million for the nine month period ended 30th September 2014, an increase of 87 per cent compared to a net profit of AED 531 million for the same period last year.
Net profit for the first nine months of the year for NBQ was AED 286.4 million, up four per cent. Net interest income increased to AED 397.08 million, up 26 per cent.