Commercial Bank - News
Saudi National Commercial Bank Q4 profit up 7.5%
(Gulf Times - 19/01/2017)
Saudi Arabia’s National Commercial Bank (NCB) reported a 7.5% rise in fourth-quarter net profit yesterday as the kingdom’s largest lender was boosted by higher income from commission and investments. The results are the strongest in four quarters for the ...
Al Khaliji earns QR427mn profit
(Gulf Times - 19/01/2017)
Al Khalij Commercial Bank (Al Khaliji) has posted a net profit of QR427mn in 2016, it was announced yesterday. The bank’s net operating income for 2016 reached QR1.2bn and was 1% higher than 2015. This growth was driven mainly by a 22% growth in interest ...
QIB profit grows by 10.3% to QR2.15bn
(The Peninsula - 19/01/2017)
QIB has recorded a net profit of QR2.15bn for the fiscal year 2016, up 10.3 percent compared to QR1.95bn for the year 2015. The bank’s basic earnings per share reached QR8.55 compared to QR 8.06 a year ago. In line with the improved profitability, QIB ...
Alinma net profit rises 2% in 2016
(Saudi Gazette - 19/01/2017)
ALINMA Bank has registered net income of SR1,502 million for the year ended 2016 compared to the SR1,470 million it earned in 2015, an increase of 2%. For the bank’s fourth fiscal quarter it achieved net income of SR390 million compared to the SR386 ...
Bank Muscat corporate cards enhance flexibility
(Oman Daily Observer - 18/01/2017)
Bank Muscat, the flagship financial services provider in the Sultanate, has evoked strong response to three new corporate credit cards launched in line with its ‘Let’s Do More’ vision and commitment to partnership in enhancing innovative banking ...
Emirates NBD reports Dh7.24bn 2016 net profits
(Gulfnews - 17/01/2017)
Emirates NBD the UAE’s largest lender reported Dh 7.24 billion net profit for the full year 2016, up 2 per cent compared to the previous year. The operating performance was helped by further recoveries from legacy impaired loans which offset lower ...
Bank Muscat net profit rises to RO 176.56m
(Oman Daily Observer - 16/01/2017)
Bank Muscat, the flagship financial institution in the Sultanate, posted a net profit of RO 176.56 million for the for the year ended December 31, 2016 compared to RO 175.45 million reported during the same period in 2015, an increase of 0.6 per cent. ...
QNB Group net profit expands 10% in 2016
(Saudi Gazette - 16/01/2017)
QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the year ended Dec. 31, 2016. Net profit reached QAR12.4 billion ($3.4 billion), up by 10% from last year. Total assets reached QAR720 ...
National Bank of Oman posts fall in net profit
(Times of Oman - 15/01/2017)
National Bank of Oman has reported that its net profit declined by 7.2 per cent to OMR55.8 million in 2016, from OMR60.10 million in 2015. However, the bank’s net interest income and income from Islamic financing rose by 7.3 per cent to OMR101.6 million ...
Bank Muscat extends support to Muscat Festival 2017
(Oman Daily Observer - 15/01/2017)
Bank Muscat, the flagship financial services provider in the Sultanate, in step with its ‘Let’s Do More’ vision and commitment to partnership in events of national importance, has extended support to Muscat Festival, the Sultanate’s annual tourism and ...
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