|
Saudi Arabia Banking News is an EIN News Service for banking industry professionals. Constantly updated news and information about Saudi Arabia Banking.
Latest Saudi Arabia Banking News
- Central Bank looks at risk reforms 16 Nov 2009 16:28 GMT
... / November 16. 2009 3:58PM GMT The Central Bank may introduce further risk management reforms ... further risk management reforms to protect the banking system from future crises, its governor says. ... the type and liquidity of securities that banks are holding or selling to clients, said Sultan al ...
- Central Bank Directs Banks to Make 50pc Provisions for Saudi Groups 18 Nov 2009 19:57 GMT
... ABU DHABI — The Central Bank of the UAE has directed banks to make 50 per cent provisions by December 31 2009 ... 100 per cent provisions for the two banking subsidiaries of the Saudi conglomerates. The International ...
- Central Bank says lending has fallen 17 Nov 2009 17:18 GMT
... UAE / November 17. 2009 4:42PM GMT Banks set aside an extra Dh1.2 billion (US$326.7 million) last ... for the first time since July. The Central Bank figures challenge claims from banks that ... such as those extended to the troubled Saudi conglomerates Ahmad Hamad Al Gosaibi and Brothers ...
- Algosaibi, Saad Group owe UAE banks $2.9bn 19 Nov 2009 21:37 GMT
... Algosaibi, Saad Group owe UAE banks $2.9bn The Saad Group and Ahmad Hamad ... $2.9bn to banks in the UAE, the central bank said. Banks must make provisions for those ... UAE’s third-largest bank by assets, Abu Dhabi Commercial Bank PJSC, is owed a combined 2.24bn dirhams ...
- Local loans to Saudi groups total $2.9bn 19 Nov 2009 15:59 GMT
... Ahmad Hamad Al Gosaibi and Brothers, the Central Bank says. The first official confirmation of the ... high end of analysts’ estimates for UAE banks, which were between $2bn and $3bn. The ... disclosed their exposures to investors. Abu Dhabi Commercial Bank is owed a total of $609m by ...
- Work together to avert crisis situations, central banks urged 24 Nov 2009 18:36 GMT
... THE world's central banks and supervisory authorities must coordinate and cooperate to prevent ... the interest of all stakeholders to strengthen central bank coordination," he said. According to a survey from The Banker Magazine and a unit of HSBC, assets ...
- AME Info, Abu Dhabi, United Arab Emirates, banking briefs 16 Nov 2009 19:54 GMT
... AME Info, Abu Dhabi, United Arab Emirates, banking briefs Nov 16, 2009 (AME Info - ... Network) -- CBK POSTS Q3 NET LOSS: Commercial Bank of Kuwait (CBK), the country's third ... Saudi conglomerate Saad and its partners in banks in the UAE will be frozen, according ...
- Emirates NBD faces $350 mln Saudi exposure -CEO 22 Nov 2009 12:00 GMT
... At least 13 United Arab Emirates (UAE) banks and seven foreign banks have exposure to ... Algosaibi and Bros Co (AHAB), the UAE central bank said last week. Pudner, when asked whether ... in the UAE such as Abu Dhabi Commercial Bank ADCB.AD and Mashreq MASB.DU have said their ...
- Emirates NBD faces $350 mln Saudi exposure 22 Nov 2009 13:15 GMT
... At least 13 United Arab Emirates (UAE) banks and seven foreign banks have exposure to ... Algosaibi and Bros Co (AHAB), the UAE central bank said last week. Pudner, when asked whether ... in the UAE such as Abu Dhabi Commercial Bank and Mashreq have said their exposure amounts ...
- Q+A-Bahrain's offshore banks at crossroads 18 Nov 2009 12:00 GMT
... investment houses could turn themselves into retail banks that possess more stable sources of funding ... House GFHB.BH (GFH) plans to make Khaleeji Commercial Bank KHCB.BH, in which the bank and ... stake, the centrepiece of its new commercial banking division. However, this route is only open ...
- UAE cbank presses banks on Saudi debt provisions-paper 16 Nov 2009 06:33 GMT
... 16 (Reuters) - The United Arab Emirates central bank has told banks to take provisions worth half their exposure to troubled Saudi ... and outside of the region, with some bankers expecting writedowns to affect 120 banks at ...
- Gulf monetary union well on track: Saudi 20 Nov 2009 21:18 GMT
... Saudi Arabian central bank governor Muhammad al-Jasser said that Gulf ... defaulted on payments and owe $2.9bn to banks in the UAE. The companies are involved in legal battles ... after both businesses defaulted on their Bahrain-based banking units. Meantime, Oman Central Bank executive president ...
- Banks need their own risk champions' 17 Nov 2009 16:55 GMT
... / November 17. 2009 4:24PM GMT Gulf banks need to reform their management structures to reduce their susceptibility ... member of the management committee of the Banking, Finance and Insurance Commission in Belgium. Sultan ... Sultan al Suwaidi, the Governor of the Central Bank, said on Monday that the bank ...
- Saudi annual inflation falls to 3.5% in October 16 Nov 2009 01:12 GMT
... RIYADH: Annual inflation in Saudi Arabia fell to 3.5 percent ... was unnecessary given tepid inflation. SAMA, the central bank, held its main rate at 2 ... a need to support lending in a banking sector hit by debt restructuring concerns in ...
- Saudi cbank says U.S. dollar peg beneficial -paper 18 Nov 2009 09:00 GMT
... DUBAI, Nov 18 (Reuters) - Saudi Arabia's currency peg to the U.S. dollar ... remains the main reserve currency globally, the central bank governor was quoted as saying on ...
- Saudi stocks fall for second day, paced by Sabic and Al Rajhi 21 Nov 2009 22:34 GMT
... Saudi stocks yesterday fell for a second straight ... Friday and concern grew that the European Central Bank will phase out economic stimulus measures. ...
- Saudi cbank: Pegging Gulf currency to basket an option 19 Nov 2009 17:36 GMT
... FRANKFURT, Nov 19 (Reuters) - Pegging a planned new Gulf ... table although there is no perfect solution, Saudi Arabia's top monetary official, Muhammad al-Jasser, said ... There is no perfect solution.' The Saudi central bank kept interest rates unchanged in the ...
- Bankers push for action on Saudi groups 24 Nov 2009 20:54 GMT
... Bankers push for action on Saudi groups Published: November 24 2009 20:28 | ... owe more than 100 regional and international banks about $20bn. The situation has been exacerbated by ...
- Saudi 9M-2009 Result Review 18 Nov 2009 16:35 GMT
... Global Investment House – Kuwait – Saudi corporates were affected by the downturn in ... corresponding period of 2008. Among the sectors, banking and petrochemical sector amounted to 56 percent ... in 9M2009. Out of the 11 listed banks on the Saudi bourse, we excluded the results ...
- GCC banks profit seen at 15% 23 Nov 2009 20:55 GMT
... The GCC banks, which are expected to register 13%-15% growth in ... to Global Investment House report. “The GCC banking sector as a whole remains robust despite ... (9M) ended 2009, it said. Bottomlines of Saudi and the UAE banks were, however, less ...
- SABB named Saudi Arabia's strongest bank 23 Nov 2009 10:01 GMT
... The Asian Banker's assessment calculates business strength on the basis ... SABB's position among the Kingdom's top four banks by assets was only one factor in the researchers' ... SABB compared with that of all other Saudi banks and almost every other major bank ...
- Market overview: King castigates bankers 24 Nov 2009 10:34 GMT
... The value of sterling has been easing on foreign ... (see below) said the reluctance of the banking industry to join the rest of the ... centre facility in Saudi Arabia. The British Bankers' Association said the number of mortgage approvals ...
- Japan firms seek joint Saudi projects on SMEs 25 Nov 2009 01:12 GMT
... RIYADH: A Japanese business mission has called on Saudi and Japanese companies to set up joint ... Trade Organization (JETRO), featured industry, construction and banking among many other fields. The reception, which ...
- Saudi Hollandi Bank launches new credit facility for its customers 21 Nov 2009 07:11 GMT
... was announced by. Ehab Al-Dabbagh, SHB's Individuals Banking General Manager, who said the Bank will ... of its kind to be introduced by banks operating in the Saudi market. It opens up a new avenue ...
- Saudi Capital Market Authority grants licenses for three Shuaa funds 16 Nov 2009 11:30 GMT
... focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs. Following CMA's ... members of the General Council for Islamic Banks and Financial Institutions, both sit on the Shariah ...
Powered by 
Saudi Arabia Banking News Sections
These stories are not published by IPD Group, Inc. and these links will take you to other websites. Some of these websites require their own registration to read their stories.
<<< Please read the disclaimer for more details.>>> | |
|
a digital news provider
bbc.co.uk:
bloomberg.com:
sky.com:
latimes.com: