National Bank of Kuwait said 4Q 2009 NI rose by 449% YoY to KWD63.7 mn ($221.49 mn) versus KWD11.6 mn in 4Q 2008. FY 2009 NI rose by 3.88% YoY to KWD265.2 mn ($922.1 mn) versus FY 2008 NI of KWD255.3 mn. NBK said its FY 2009 Operating Income rose by 2% YoY to KWD518 [...]
[EMAAR AB] Emaar Economic City :: to get $1.3 bn gov’t loan
Emaar Economic City, a Saudi developer affiliated with Dubai’s Emaar Properties [EMAAR UH] expects to receive a long-term loan from the Ministry of Finance of some SAR5 bn ($1.33 bn).
Emaar Economic City, established in 2006 in Saudi Arabia, is a consortium of global real estate major Emaar PJSC and a number of high profile Saudi [...]
[ADCB UH] Abu Dhabi Commercial Bank :: $2.7 bn exposure to Dubai World
Abu Dhabi Commercial Bank, the UAE’s third-largest bank, has about $2.7 bn in outstanding loans to Dubai World entities, including “four or five different entities” that aren’t affected by the company’s restructuring, according to B|oomberg.
On January 26, 2010 ADCB reported its results for the year ended 31 December, 2009. The bank reported AED3.86 bn in [...]
[AOFS OM] Al Omaniya Financial :: FY 2009e NI up 11.3% YoY to OMR 3.675 mn
Al Omaniya Financial said that its preliminary unaudited estimates of FY 2009 NI is OMR3.675 mn, up by 11.3% YoY, on FY 2009e Sales of OMR12.472 mn. Total YE 2009e Assets are at OMR116.9 mn with Net Leased Assets of OMR114.5 mn.
A week earlier Moody’s assigned the company Ba3 long-term local and foreign currency issuer [...]
[AKCL IN] Ackruti City :: Fiscal 3Q 2009 NI up 241.79% QoQ, 1,147% YoY
Ackruti City’s fiscal 3Q 2009 consolidated NI jumped 241.79% QoQ to INR734.5 mn from INR214.9 mn and up 1,147% YoY from INR58.9 mn. Consolidated net sales rose by 177% QoQ to INR2,193.7 mn from INR792 mn and by 352% YoY to INR485.9 mn.
EBIDTA increased by 103% QoQ to INR1,269.1 mn from INR624 mn and by [...]
[J&KBK IN] J-K Bank :: Fiscal 3Q 2009 NI up 16% YoY to INR1.39 bn
Jammu and Kashmir Bank’s fiscal 3Q 2009 Net Profit rose by 16% YoY to INR1,399.9 mn from INR1,206.7 mn in 3Q 2008. Other Income rose by 143% YoY to INR958.1 mn from INR393.9 mn in 3Q 2008, driven mostly by earnings on Commission/Exchange and profit on trading in Investments. Cost of Deposits declined by 126 [...]
[INL SJ] Investec :: April-December 2009 Net OI up by 1% YoY
South Africa’s Investec, a specialist banking group comprising banking and asset management businesses, said its net operating income after expenses and minorities but before impairments on loans and advances for the April-December 2009 period rose by 1% YoY.
In addition, the company reported the following:
Net operating income (after expenses and minorities but before impairments on loans [...]