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Few sub-Saharan African issuers have issued Samurai and fewer without a guarantee
Break-up with Fitch over downgrade has not put off investors
Book attrition rates rise and coverage ratios decline
New agreement not a done deal, but this is the furthest Ethiopia has got to in restructuring its bonds
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Manama, Bahrain: Arab Banking Corporation today announced that its consolidated Group net profit for the first nine months of 2011 was US$157 million, 40% higher than last year. Net profit for the third quarter was US$41 million compared to US$68 million in the second quarter, due to net impairment provision charge of US$20 million compared to net recovery of US$8 million during the previous quarter.
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Manama, Bahrain -18 October 2011 - The Central Bank of Bahrain (CBB) announces that the monthly issue of the short-term Islamic leasing bonds, Sukuk Al-Ijara, has been oversubscribed by 207.5%.
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The Kuala Lumpur Sessions Court today convicted and fined former chief executive officer of Inix Technologies Holdings Berhad (INIX) for authorising the furnishing of false statements in the company's prospectus and quarterly statements.
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Manama, Bahrain - xx October, 2011: Khaleeji Commercial Bank (KHCB), a prominent Bahrain-based Islamic retail bank, is announcing that it's migrating to ISO International Bank Account Number (IBAN) Standard for numbering of bank customer accounts that's effective as of now and will be compulsory from January 31st, 2012 as per the Directive issued by Central Bank of Bahrain .