Mexico’s largest mortgage provider plans to offer home buyers fixed-rate loans for the first time, as the two-decade long inflationary hangover from the country’s Tequila Crisis fades.
A legal overhaul will let Mexicans who finance their homes with state-controlled Infonavit, the company founded in 1972 to give workers access to home financing, get the 30-year mortgages for the first time as soon as June. The lender, which has made about 4.4 million loans since 2001, also plans to issue mortgage-backed securities in pesos next year to match income with obligations, the first such sales since 2004.
Samba posts SR1.28bn net profit for 3rd Q 2014
Samba Financial Group, Saudi Arabia's second-largest listed bank, posted a net profit of SR 1.28 billion in the third quarter 2014 compared to a net profit of SR 1.17 billion in the same period last
Doha Bank net profit reaches QR 1.1 billion
Doha Bank disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QR 1.1 billion for the nine months period end