A high-profile delegation from BankMuscat attending the ceremony included Shaikh Khalid bin Mustahail al Mashani, Chairman, Sulaiman bin Mohamed al Yahyai, Vice-Chairman, and AbdulRazak Ali Issa, Chief Executive.
Mr. Drion, said that the most recent financial results, noting that CAE reported revenues of EGP341.1m for Q1 2012, an increase of 17.1% over the same period in 2011. This increase is attributed mainly to an increase in loan volumes (up 10.4% in the Q1 20
The fund, HSBC’s third such fund in the UAE, is open to new and existing customers with cross border trading requirements. The bank has earmarked 30 per cent of the loans to Emirati-owned businesses.
UGB, in a statement, attributed rise in profits to improvement of affiliate commercial and real estate banking.
The company reported a growth in customer base to almost 21,000 customers in 2011, a 23% increase when compared to 2010.
The bank prides itself on being the first to offer an interest bearing business current account, collateral-free loans for companies demonstrating a solid business model, and most importantly a quick approval process with minimal documentation requirement
Operating income increased by 12 per cent to RO 8.6 million in the first quarter of 2012 compared to RO 7.6 million for the same period in 2011. Total expenses were at RO 10.9 million, an increase of 5 per cent over the first quarter of 2011, mainly on ac
Doha Bank Group chief executive officer R Seetharaman received the award from Juma al-Majed, chairman of Dubai Economic Council at a ceremony of the 7th International Conference on Social Responsibility attended by distinguished CSR leaders, bankers, acad
Demonstrating Mashreq's ongoing efforts on improving its assets quality, the provisions for loans and advances continued to decline by 46% and 50% as compared to Q1 2011 and Q4 2011 respectively to reach Dhs176m.
Sheikh Abdullah Bahamdan, Chairman of NCB remarked that the Bank's strategy to diversify its sources of revenue has contributed to an increase in fee income from banking services by 29.0%, net special commission income by 11.2% compared to the same p