Banking
Middle East banking news and analysis, tenders, contracts awarded, commentary and economic data.
Special Report
Banking Special Report: The next step for Islamic finance
Welcome signs that the sharia banking sector is entering a new age of maturity
News
Saudi corporates plan debt restructurings in 2012
Two firms have already appointed advisers to lead restructuring talks
Zain Saudi Arabia prepares for $2.7bn debt refinancing
Banks appointed for debt refinancing and rights issue planned for later this year
Barclays Capital reveals mandates for IPO and bond issues
UK investment bank expects growth to come from GCC markets in 2012
Saudi Airlines signs $1.9bn debt extension
Deal arranged in late 2010 is extended by one extra year
NBAD profits remain flat in 2011
Rising provisions and low interest rates slow profit growth at Abu Dhabi bank
Analysis
Banking and finance data
An overview of the Middle East banking and finance sector, 2005-2011
Contacts
Khalid al-Jasser
Khalid al-Jasser is CEO, Bank Albilad
Rashed al-Othman
Rashed al-Othman is CIO, Bank Albilad
Abdulkarim Alhinai
Abdulkarim Alhinai is general manager and head of IT, National Bank of Oman (NBO)
Company Profiles
Commercial International Bank
The Egyptian lender is trying to grab market share while political uncertainty weighs on the economy
Qatar Islamic Bank
The Doha-based lender is set to benefit from new Islamic banking regulations in the country
Press Releases
GCC Bank Results
| Banks | Total assets (2010) | Net profit (2010) |
| Emirates NBD | 77,916 | 637 |
| National Commercial Bank | 75,306 | 1,281 |
| Qatar National Bank | 61,336 | 1,566 |
| National Bank of Abu Dhabi | 57,519 | 1,003 |
| Samba Financial Group | 49,956 | 1,182 |
| Al-Rajhi Bank | 49,286 | 1,805 |
| Abu Dhabi Commercial Bank | 48,540 | 106 |
| National Bank of Kuwait | 45,845 | 1,072 |
| Riyad Bank | 45,791 | 753 |
| Kuwait Finance House | 44,800 | 379 |
| First Gulf Bank | 38,331 | 931 |
| Sabb | 33,436 | 502 |
| Banque Saudi Fransi | 32,261 | 747 |
| Arab National Bank | 30,946 | 509 |
| Arab Banking Corporation | 28,105 | 199 |
| Ahli United Bank | 26,457 | 266 |
| Dubai Islamic Bank | 24,539 | 262 |
| Mashreqbank | 23,086 | 219 |
| Union National Bank | 22,269 | 368 |
| Abu Dhabi Islamic Bank | 20,499 | 279 |
| na=Not available. Sources: MEED; Company results | ||
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