Banks in the United Arab Emirates will be required to comply with four so-called “liquidity ratios” to help them withstand market disruptions and avoid a cluster of debt payments, according to new central bank rules.
Banque Saudi Fransi, the Saudi lender part owned by Credit Agricole SA, is planning to raise about 2 billion riyals ($533 million) to bolster its capital base, according to two people familiar with the matter.
Emirates NBD PJSC, the biggest bank by assets in the United Arab Emirates, beat analysts’ estimates with a 25 percent jump in first-quarter profit as interest income and fees growth offset a surge in bad loan provisions.
Commercial Bank of Qatar QSC plans to freeze costs and focus on existing businesses to restore growth. The shares fell the most in almost a year after the lender posted a 20 percent drop profit that missed estimates.