Commercial Bank of Dubai, or CBD, reported operating profit of Dh982 million for the first nine months of 2012, showing an increase of 0.8 per cent compared to Dh974 million in the same period last year.
Commercial Bank of Dubai, or CBD, reported operating profit of Dh982 million for the first nine months of 2012, showing an increase of 0.8 per cent compared to Dh974 million in the same period last year.
Union National Bank, or UNB, earned 6.6 per cent more profit in the year- to-date period on higher interest income.
United Arab Bank, or UAB, on Wednesday declared a 32 per cent increase in its net profit for the first nine months of the year and the highest net profit ever for UAB in the first nine months of the year.
MCB Bank of Pakistan has announced an interim dividend of Rs3 for the quarter ended on September 30, 2012 while posting outstanding results with five per cent increase in profit before tax of Rs25.459 billion and seven per cent increase in profit after tax of Rs16.673 billion.
Finance House’s earning rose 19 per cent to Dh65.7 million for the nine months ended 30 September 2012, on higher lending and deposits growth.
The nation’s second biggest Islamic lender by assets, Abu Dhabi Islamic Bank Group posted a three per cent increase in its net profit of Dh328.5 million for third quarter of the year.
LONDON — The likelihood that the Bank of England might approve more economic stimulus next month decreased on Wednesday as minutes from the latest policy meeting showed the rate-setters disagreed on the program’s effectiveness and official figures showed the unemployment rate has dropped.
Noor Islamic Bank on Monday announced its new augmented reality “Bank in Your Hand” smartphone and tablet application, the first of its kind in the Middle East, at Gitex Technology Week, where it is showcasing its vision of the “Bank of the Future”.
NEW YORK - US Treasuries prices fell on Tuesday as strong earnings by companies including Goldman Sachs boosted stocks, and reduced the appeal of safe haven debt, and as talk of assistance for Spain boosted demand for euros against the dollar.
Deposits at the UAE banks surged 1.1 per cent during the month of August 2012 to close at Dh1.127 trillion.