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Al Ahli Bank of Kuwait – Egypt Records EGP 3.185 Billion Net Profit in Q1 2024 - Vimarsana News

Al Ahli Bank of Kuwait – Egypt Records EGP 3.185 Billion Net Profit in Q1 2024

Ali Marafi, Chairman of ABK-Egypt Kuwait / Egypt, June 1: Al Ahli Bank of Kuwait - Egypt (ABK-Egypt) recorded breakthrough financial results for Q1 2024, achieving a significant increase in Net Profit by 189%, which stood at EGP 3.185 billion compared to EGP 1.102 billion over the same period in 2023. Net Interest Income increased…

UBA announces over N2trn revenue, N607.69bn profit - Vimarsana News

UBA announces over N2trn revenue, N607.69bn profit

The United Bank for Africa (UBA) has announced a 143 per cent increase in its gross revenue to N2.08 trillion for the 2023 financial year, making it the highest ever for the bank. The bank also announced a Profit After Tax of N607.69bn and also proposed a N2.80 kobo per…

3rd tranche of IMF loan to be available in June: Mahmood Ali - Vimarsana News

3rd tranche of IMF loan to be available in June: Mahmood Ali

DHAKA, May 26, 2024 (BSS)-Finance Minister Abul Hassan Mahmood Ali today said that the 3rd tranche of the loan from

Rising Non-performing Loans: 8 Banks' Provision For Losses Spike 449% To N247bn - Vimarsana News

Rising Non-performing Loans: 8 Banks' Provision For Losses Spike 449% To N247bn

The spike in loan losses provision is stemmed from the rising interest rate which has made paying back tough for borrowers. With inflation at a 28 year high,

Freddie Mac Prices Approximately $297.5 Million SLST Securitization - Vimarsana News

Freddie Mac Prices Approximately $297.5 Million SLST Securitization

MCLEAN, Va., May 22, 2024 -- Freddie Mac today announced the pricing of the Freddie Mac Seasoned Loans Structured Transaction Trust Series 2024-1, a securitization of approximately $297.5 million...