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Tag Archives: loan

UAE banks' loan losses to rise on real estate – Moody's

(Adds details) DUBAI, March 12 (Reuters) – Banks in the United Arab Emirates are expected to experience a rise in loan losses over the next 12 to 18 months as a decline in real estate prices and rising interest rates reduce borrowers’ cash flow, Moody’s said on Tuesday. Residential property prices in Dubai have been falling since 2014 on high ...

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Indian banks supporting the economy through online loan portal

A report was released by Credit Suisse on March 1, 2019, which states that within 3 months (https://www.psbloansin59minutes.com), an online portal has become the largest platform for providing loans to micro, small and medium enterprises (MSMEs). At present, 21 lenders including the State Bank of India are providing loans to MSME sector through this portal. Most importantly, the loan of ...

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Pakistan may turn to Islamic banks for power sector loan

(MENAFN – Gulf Times) Pakistan will likely turn to Islamic banks to borrow another 200bn rupees ($ 1.45bn) to try to ease a financial crunch in its power sector, a senior finance ministry official said recently. The government of Prime Minister Imran Khan is trying to clear power sector government payment arrears amid warnings by power producers that they could ...

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Qatar- Commercial Bank celebrates syndicated loan closure with relationship banks

(MENAFN – Gulf Times) Commercial Bank held a commemorative lunch as a means of thanking all relationship banks for their lending support, which was provided throughout the closure of the $ 750mn syndicated senior unsecured term loan facility and led by Bank of America Merrill Lynch and Mizuho Bank as joint co-ordinators and mandated lead arrangers. The syndicated loan closure, ...

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