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Home >> International Financial News
International Financial News |
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 | Union Bank of India to open Dubai branch | 05-Sep-2010 |  | |
M.V. Nair, chairman and managing director of Union Bank of India, has announced plans to open a branch in Dubai to meet the funding needs of Indian corporates in the Middle East, Khaleej Times has reported. | |
| Xpress Money teams up with Thai bank | 05-Sep-2010 | | |
Abu Dhabi-based Xpress Money has announced commencement of instant money transfers to Thailand-based Government Savings Bank, the Gulf Today has reported. | |
| Emirates NBD expands services in Saudi | 03-Sep-2010 | | |
Emirates NBD has become the first UAE-based bank and the only non-Saudi bank to offer customers in the kingdom electronic bill payment facilities for utilities and government services. | |
| Gulf banks' loan losses and impairments exceed $20bn, says S&P | 02-Sep-2010 | | |
Standard and Poor's Ratings Services has warned of future challenges facing the Gulf lenders it rates, but said they appear to be showing signs of improvement, after spending more than $20bn on loan loss provisions and investment impairments since 2008. | |
| QNB and Bank Kesawan ink letter of intent for rights issue | 01-Sep-2010 | | |
Qatar National Bank has said it could become the controlling shareholder of PT Bank Kesawan after a planned rights offering by the Indonesian lender. | |
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