Lebanon's Credit Libanais plans to expand in the Middle East and Europe in the coming period as part of its plans to expand oversees and diversify income, bank executive Joseph Torbey told The Daily Star. The bank received a licence to operate two branches in Iraq and is interested in expanding in Europe. Credit Libanais has branches and offices in Cyprus, Bahrain, Canada and a joint-venture bank in Senegal. |
Bahrain Middle East Bank made a USD 13mn full repayment of a loan obligation including a USD 1.4mn interest payment taking total repayments by the troubled lender to USD 43mn, the bank said in ... more
National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, initiated a USD 17mn fifteen-year Uridashi bond, MENA's first ever, allowing the bank to directly access Japanese ... more
The GCC economies remain insulated from economic and political turbulence in the MENA region and globally but structural challenges continue to constrain sovereign ratings, ratings agency ... more