Smith was one of the few actors to win the treble of an Oscar, Emmy, and Tony
In its research note, UBS said that it expected loan growth of ADCB to grow by just 4 to 5 per cent, and 7 to 8 per cent at NBAD.
On the other hand, profit and loss impairments at ABCD is forecast to peak at 2.30 per cent, and at 2.84 per cent by 2010.
“A major concern relating to ADCB has been its greater reliance on wholesale funding than its peers. We believe the group has Dh9 billion of wholesale funding maturing this year which is 7 per cent of its total assets, so the current funding profile is still arguably a major constraint on asset
growth,” said UBS.
UBS also cut its earnings-per-share for ADCB to Dh0.18 from Dh0.25 with a ‘neutral’ rating.
Earnings-per-share of NBAD was cut by a hefty 45 per cent to Dh0.73 but UBS kept its ‘buy’ rating of the bank. Both banks’ fourth quarter results missed forecasts as the global financial crisis forced lenders to raise loan loss provisions.
rocel@khaleejtimes.com
Smith was one of the few actors to win the treble of an Oscar, Emmy, and Tony
This new route will operate with three weekly flights
The GCC’s industry deal makers, tastemakers, and decision-makers are invited to a series of study tours, roundtables, an industry think tank, and beyond at GRIF 2024 Edinburgh
As a part of its commitment to this cause, Hotpack Global has taken proactive steps by conducting on-ground interviews and offering opportunities to those seeking amnesty
Themed 'Content for Good,' the event will take place from January 11 to 13, 2025
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The mission said that the caller will try to extort money on the pretext of solving some non-existent immigration matter
The plight of Sudan, and El-Fasher in particular, has been under discussion this week at the United Nations General Assembly in New York