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
The announcement was made during the extraordinary general assembly of the Bank of Commerce and Development which was held in Benghazi, Libya on Thursday April 12th 2012. It approved QNB Group as a strategic partner of the Bank according to the memorandum
Eurobank, one of Greece's major banks with Bulgarian subsidiaries, announced it is about to sell its 70% stake in Turkish unit Tekfen to Kuwait's Burgan Bank.
Commercial Bank of Qatar has picked banks to arrange investor meetings in Asia, the Middle East and Europe ahead of a possible dollar-denominated bond issue, lead arrangers said.
"NBAD's partnership with UAE Exchange adds another 100 venues where our esteemed cardholders can conveniently pay their credit card bills and this complements the lifestyle and distinctions that come with NBAD credit card," added Dave.
The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t