Bank of Sharjah announced that its Lebanese subsidiary, Emirates Lebanon Bank S.A.L. has received the final approval from Central Bank of Lebanon on the acquisition of the operations of the Lebanese branches of Banque Nationale de Paris Intercontinentale as at 30 September 2008.
Bank of Sharjah raised earlier the share capital of Emirates Lebanon Bank S.A.L. to $50m while injecting a cash contribution of capital of $100m in order to boost equity to $150m.
Bank of Sharjah will own...
BankMuscat Announces Preliminary Results Of Q3 2008
BankMuscat (SAOG), the nation's leading financial services institution, announced the preliminary results for the period ended September 30, 2008.
The results are subject to the approval of Board of Directors of the Bank in a meeting scheduled later during October 2008.
The Bank achieved a net profit of OR90.1m for the nine months ended September 30, 2008 as against a net profit of OR62.6m reported during the same period in 2007, which resulted in an impressive growth of 43.9%.
Net interest income increased by 27.4% to OR115.3m during the nine months period ended September 30...
The results are subject to the approval of Board of Directors of the Bank in a meeting scheduled later during October 2008.
The Bank achieved a net profit of OR90.1m for the nine months ended September 30, 2008 as against a net profit of OR62.6m reported during the same period in 2007, which resulted in an impressive growth of 43.9%.
Net interest income increased by 27.4% to OR115.3m during the nine months period ended September 30...
Banque Saudi Fransi Posts SR2,236m Net Income For The Nine Months Of 2008
BSF has posted SR2,236m net income for the nine months of 2008, SR165m (+8%) more than the net income at the end of nine months of 2007 where income posted was SR2,071m.
For the nine months of 2008, in terms of the core income, BSF's Net special commission was SR2,006m witnessing a robust 18.9% surge from similar period of 2007. It was recorded at SR 1,687 Million during the nine months of 2007. During the third quarter of 2008, Net Special Commission income increased by SR106m (+18.3%) compared to the same period of 2007. The earnings per share stands at SR3.97 against SR3.68 for...
For the nine months of 2008, in terms of the core income, BSF's Net special commission was SR2,006m witnessing a robust 18.9% surge from similar period of 2007. It was recorded at SR 1,687 Million during the nine months of 2007. During the third quarter of 2008, Net Special Commission income increased by SR106m (+18.3%) compared to the same period of 2007. The earnings per share stands at SR3.97 against SR3.68 for...
Fitch Affirms HSBC Bank Middle East At 'AA-'; Outlook Stable
Fitch Ratings has today affirmed HSBC Bank Middle East's (HBME) ratings at Long-term Issuer Default (IDR) 'AA-' (AA minus), Short-term IDR 'F1+', Individual 'B' and Support '1'. The Outlook remains stable.
HBME's IDRs and Support rating reflect the extremely high probability that the bank would be supported by its parent, HSBC Holdings plc (rated 'AA'/'F1+'/Stable Outlook), in case of need.
The Individual rating reflects the strength of its regional franchise, its consistent profitability, sound asset quality, liquidity and capitalisation, as well as the benefits of being part of...
HBME's IDRs and Support rating reflect the extremely high probability that the bank would be supported by its parent, HSBC Holdings plc (rated 'AA'/'F1+'/Stable Outlook), in case of need.
The Individual rating reflects the strength of its regional franchise, its consistent profitability, sound asset quality, liquidity and capitalisation, as well as the benefits of being part of...
Dubai Islamic Bank Partners With UAE Institute Of Training And Judicial Studies To Provide Professional Training To Students
Dubai Islamic Bank (DIB) in cooperation with the UAE Institute of Training and Judicial Studies has organised a five-day professional training programme for students enrolled in judicial studies, as part of the bank's ongoing initiative to extend practical and professional education to UAE nationals.
Chancellor Dr. Mahmoud Mohamed Al Kamali, General Manager, UAE Institute of Training and Judicial Studies, said:
'As part of this initiative with DIB, trainees from the Institute receive training and professional exposure at all levels. The most important aspect of the programme is...
Chancellor Dr. Mahmoud Mohamed Al Kamali, General Manager, UAE Institute of Training and Judicial Studies, said:
'As part of this initiative with DIB, trainees from the Institute receive training and professional exposure at all levels. The most important aspect of the programme is...
JPAGE_CURRENT_OF_TOTAL
