NBAD Third-Quarter Profit Rises to 914 Million Dirhams
(Bloomberg
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27/10/2009)
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ second-biggest bank by assets, said third- quarter profit rose to 914 million dirhams from 651 million dirhams in the year-earlier period, according to a statement to the bourse today.
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Emirates NBD Seeks Bourse Approval to Transfer EBI, NBD Shares
(Bloomberg
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27/10/2009)
Emirates NBD PJSC, formed after a merger of Emirates Bank International PJSC and National Bank of Dubai PJSC in October 2007, sought Dubai market regulator’s approval to transfer shares of the two banks to the parent. Emirates NBD also asked the Dubai
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National Bank of Abu Dhabi Net Jumps 41% on Lending
(Bloomberg
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27/10/2009)
National Bank of Abu Dhabi PJSC, the United Arab Emirates’ second-biggest bank by assets, said third- quarter profit jumped 41 percent, beating analysts’ estimates, as income from lending and investments surged. Net income advanced to 914 million
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Emirates NBD receives three prestigious awards by Global Finance
(AME Info
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27/10/2009)
Emirates NBD, the banking group in the Middle East in terms of assets has received three prestigious awards from World renowned Global Finance Magazine. The awards were received at an Awards Ceremony recently held in Turkey. Emirates NBD was named the
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KFH sets aside $1.6bn for provisions
(Reuters
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27/10/2009)
Kuwait Finance House (KFH), the countrys biggest Islamic lender, said on Monday that its provisions were declining but had set aside 460 million dinars ($1.6 billion). Chief executive Mohammad Al-Omar, speaking to Al Arabiya television, did not give a
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NBO logs RO19.6m net profit
(Times of Oman
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27/10/2009)
National Bank of Oman, the second largest private sector bank in Oman, has reported a net profit of RO19.6 million for the nine months ended September 30, 2009, the bank said in a statement to announce its unaudited financial results. Net interest income
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BankMuscat gets key certification
(Times of Oman
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27/10/2009)
BankMuscat, the leading financial services provider in the Sultanate of Oman, has achieved a prestigious international certification from Investor in People (IiP) organisation, benchmarking the bank’s human resources as the most valued asset. The
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Shamil-Ithmaar revamp 'to create bigger bank'
(Trade Arabia
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27/10/2009)
The comprehensive reorganisation of Bahrains leading banks Ithmaar and Shamil will see the two pooling in their resources, expertise and in-house knowhow to create a single, more powerful bank, said a top Shamil Bank official. Shamil Bank chairman Shaikh
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Ahli United Bank posts profit of $184 million
(Gulf Daily News
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26/10/2009)
Ahli United Bank (AUB) reported a net profit of $183.7 million for the first nine months of this year, compared to $280.1m in the same period last year. The net profit for the third quarter was $40.1m compared to $68.4m. The group was able to maintain
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Bank Sohar posts net profit of RO 4.440 million
(Oman Daily Observer
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26/10/2009)
In their meeting held on Saturday, the Board of Directors of Bank Sohar approved the third quarter results of the bank for the period ending September 30, 2009. The bank achieved a net profit of RO 4.440 million in the first nine months of 2009 as
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Oman International Bank profit down 27pc
(Reuters
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26/10/2009)
Oman International Bank has posted a nine-month net profit of RO15.6 million ($40.5 million), down 27 per cent from the same period last year. Oman International said previously it made RO11.83 million in the first half of 2009, which based on the result
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KFH’s net profit rises to $373m
(Gulf Daily News
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26/10/2009)
Kuwait Finance House (KFH) yesterday annouced a net profit of 106.4 millon Kuwaiti dinars ($372.5m) for the first three quarters of the year. Its total profit for the period stood at 281.4 million dinars ($985.3m), after expenses and before depositors’
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Kuwait’s Ahli bank 3rd quarter profit dives 84%
(Gulf Times
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26/10/2009)
Al-Ahli Bank of Kuwait ABK) posted an 83.7% decline in third-quarter net profit without explaining the plunge in its earnings. Net profit in the three months to September 30 was 4.09mn dinars ($14.32mn) compared to 25.16mn dinars, in the same period last
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Gulf Bank Q3 profit hit by loan provisions
(Reuters
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26/10/2009)
Kuwaits Gulf Bank said bad loans would weigh on profits through mid-2010 on Sunday after it used all of the 42 million dinars ($147.1 million) of operating profit from the third quarter as provisions. The bank did not publish a figure for net loss or net
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Al Ahli logs Q3 net profit of KD 24 million
(Arab Times
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26/10/2009)
Al Ahli Bank of Kuwait announces its operational revenues of KD 84 million and a net profit of KD 24 million for the third financial period ended on 30/9/2009 after taking precautionary provisions of KD 35 million. The Earning per Share is KD 21 Fils,
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KFH posts net profit of KD 106.4m in first nine months
(Arab Times
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26/10/2009)
Bader Abdul-Muhsen Al-Mukhaizeem – Chairman and Managing Director – Kuwait Finance House said that KFH total profit for the first three quarters of the current year approximated KD 281.4 million while net profit to shareholders reached KD 106.4 million
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Gulf Bank reports solid Q3
(Arab Times
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26/10/2009)
Announcing Gulf Bank operating results for the third quarter 2009, Michel Accad – GB Chief General Manager and Chief Executive Officer said that, during the third quarter of this year, Gulf Bank continued developing and growing its general banking
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Al Tomooh, EIB Sign Shariah Deal
(Khaleej Times
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26/10/2009)
Al Tomooh Finance Scheme for Small National Businesses and Emirates Islamic Bank have announced the signing of a Memorandum of Understanding to provide Al Tomooh customers the option to avail Shariah-compliant financing including Murabaha, Istisna’a,
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Emirates NBD Q3 profit up 3pc
(Trade Arabia
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26/10/2009)
Dubai-based Emirates NBD, UAE’s largest bank by assets, on Monday posted a third-quarter net profit of Dh1.1 billion ($299.5 million), up 3 per cent from a year ago. NBD’s total income is up 24 per cent to Dh8.3 billion for nine months ended September
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NBAD installs 11 ATMs at Yas Marina Circuit
(Trade Arabia
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26/10/2009)
National Bank of Abu Dhabi (NBAD), the leading bank in the UAE, has installed 11 ATM machines at Yas Marina Circuit in preparation for the 2009 Formula 1 Etihad Airways Abu Dhabi Grand Prix, to be held from October 30 to November 1. The ATMs are designed
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Bank of Sharjah reports 34% increase in total comprehensive income
(AME Info
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26/10/2009)
Bank of Sharjahs most recent financial results have revealed a solid performance and continued growth, with total comprehensive income for the institution increasing by 34% and net profit rising by 14%. The continued expansion has been attributed to the
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Global Finance ranks ME's 10 biggest banks
(Trade Arabia
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26/10/2009)
Global Finance has unveiled its ranking of the Middle East 10 biggest banks, as part of its second annual definitive list of the biggest banks in the emerging markets. As well as detailing the biggest emerging market banks by asset size, Global Finance
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DIB Net Profit Down 31pc
(Khaleej Times
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25/10/2009)
Dubai Islamic Bank, the largest Shariah-compliant bank in the UAE, suffered a 31 per cent fall in its third-quarter net profit while nine-month net profit declined by over 35 per cent as it set aside more money to cover ?bad loans. The bank’s
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Convert your Auto Loan into a profitable fixed deposit
(Press Release
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25/10/2009)
Emirates NBD, the region’s leading bank in terms of assets has launched a new, first of its kind auto loan variant in the UAE market which is linked to a fixed deposit. Customers can now save on their car’s depreciation cost by converting their down
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DIB Poised for Lowest Close in 3 Weeks on Impairment Provisions
(Bloomberg
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25/10/2009)
Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest Islamic lender, headed for its lowest close in three weeks after it said nine-month profit was hurt by bad loans. The shares slid 1.9 percent to 3.1 dirhams at 10:25 a.m. in Dubai, poised for
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