CBD posts Dh701.5m in nine-month net profits

Dubai: Commercial Bank of Dubai (CBD) posted a net profit of Dh701.5 million for the first nine months of 2016, 23.4 per cent lower compared to Dh915.3 million for the same period last year. The bank attributed the decline in profit to prudent provisioning. ( read original story ...)

Banks team up to expand sustainable financing

National Bank of Abu Dhabi (NBAD), Commercial Bank of Dubai, Dunia Finance, Emirates NBD, HSBC, National Bank of Fujairah, RAKBank and Union National Bank signed the Dubai Declaration on Tuesday. The deal, at the Unep Finance Initiative Global Roundtable ... ( read original story ...)

Local banks to continue helping struggling SMEs

Local banks will continue to help struggling small busi­nesses restructure debt even after President Sheikh Khalifa ratified a bankruptcy law, according to a spokesman at the UAE Banks Federation. The federation said in September that an initiative among ... ( read original story ...)

Guga banking on major upset

The UAE Beach Soccer coach is confident of a first major upset as his team readies to take on three-time world champions Brazil in their opening match of the Sixth Samsung Beach Soccer Intercontinental Cup Dubai. The five-day tournament that brings ... ( read original story ...)

Emirates NBD ranked 'strongest bank in UAE'

Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its ... ( read original story ...)

Dubai Islamic Bank Q3 net profit down 9.9 per cent

Dubai Islamic Bank, the United Arab Emirates’ largest Sharia-compliant lender, on Monday posted a 9.9 per cent drop in third-quarter net profit, in line with analysts’ forecasts. The bank made Dh876.3 million in the three months to September 30 ... ( read original story ...)

Dubai Islamic Bank 9-month net profit up 7% to Dh3b

Dubai: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by total assets, on Monday reported a Group Net Profit of Dh3.01 billion, up 7 per cent compared with Dh2.8 billion for the same period in 2015. For the third quarter of the year the bank ... ( read original story ...)