| 17.08.2010 - Kuwait banking sector profit soars 34 pct in Q2 |
| From Arabtimesonline.com: Aggregate profit of the GCC banking sector (banks under coverage excluding DIB and Burgan bank) posted a decline of 5%YoY and 10%QoQ in 2Q10. Poor bottom-line performance was exhibited by UAE banks that declined by 30%YoY with a further dampening act coming from KSA banks which were down by 7%YoY. The aggregate net interest income of GCC banks grew by a meager 1%YoY, spelling out stagnancy in the top-line..............................................Full Article: Source |