Banking

Doha / Bloomberg The Commercial Bank Qatar (Q.S.C.) announced its financial results for the year ended December 31, 2015. The bank delivered a net profit of QAR 1,458 million for 2015, a 24.9 percent decrease in profitability compared to 2014. On a quarterly basis, Commercial Bank generated net profit of QAR 117 million in the fourth quarter 2015, as compared …

Rome / Bloomberg Italy’s deal with the European Commission on state guarantees for banks’ bad loans will help lenders reduce their stock of deteriorated debt, even though markets offered a skeptical reaction, Bank of Italy Governor Ignazio Visco said. “The guarantee mechanism will prove useful for facilitating the divestment of bad debts,” said Visco, who sits on the European Central …

RiyadH / Bloomberg Saudi banking stocks have fallen to the lowest levels in at least a decade relative to their net assets, showing the slump in oil is stoking concern that bad loans will increase. Following a 10 percent slide this year, an index of 12 lenders on the Tadawul All Share Index is trading at an average 1.3 times …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …