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Banking & Finance

RBS to exit corporate debt, DCM business in Mideast, Africa
The lender, 81 per cent owned by the British government, has been reviewing its global footprint as it seeks to rebuild its reputation after one of the biggest bailouts in British history during the global financial crisis.
CBD’s 2014 profit surges 19% to Dh1.2b
Operating income increased mainly due to a 9.3 per cent increase in net interest income to Dh1.583 billion (2013 – Dh1.448 billion) and a 12.5 per cent increase in non-interest income to Dh657.5 million (2013 – Dh584.2 million).
FGB annual earnings jump 18% in ’14, revenue up 10%
Lender’s net interest and Islamic financing income rise 8%
Gulf Arab countries may need to rethink policy: Qatari banker
GCC economies performed well during much of the global financial crisis as the US economy slumped.
Union National Bank posts 16% jump in annual earnings
Lender’s Q4 net profit climbs 42% to Dh436m
Factors to consider before taking out a personal loan
Watch out for hidden charges, eligibility, repayment criteria and profit rates
China pumps cash into banks in a bid to accelerate growth
The move followed data on Tuesday that showed the world’s second-largest economy grew 7.4 per cent last year, the weakest rate since China was hit by sanctions in 1990 after the Tiananmen Square crackdown.
Emirates NBD — holding the banking fort
Outlook for the UAE banks in 2015 remains very favourable, says Shayne Nelson
Emirates NBD’s profit surges 58% in ’14 on strong growth
Bank’s Q4 profit jumps 82%, reclassifies Dubai World loans
Mashreq unveils DSF offers for its cardholders
This DSF, Mashreq cardholders get rewarded with a guaranteed break at the UAE’s most popular holiday resort.
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