A total of five banks have been granted approval by the Morocco central bank to open branches in the country
The rights issue will increase the bank's paid up share capital from 3.93 billion dirhams to 5.43 billion dirhams
ADCB, Union National Bank, and Abu Dhabi Islamic Bank each denied they were involved in merger plans
The sharia-compliant loan will be used to back Ajman Bank's future growth
Central bank governor expects economic growth to edge up with the help of oil prices
The UAE's largest sharia-compliant lender is the third major Dubai-based lender to report weaker earnings growth this quarter after Emirates NBD and Mashreq
The new loan carried a margin of 1.25 basis points over the London interbank offered rate
The two banks confirmed they were in talks to 'review the commercial potential'
The Gulf Arab state's third-largest lender by assets will use the funds to "strengthen the bank's capital adequacy ratios"
In a mixed fourth-quarter reporting period, UNB was one of the worst performers with a 55 percent profit slump compared with the year before
Boubyan Bank, CIMB, Emirates NBD Capital, Gulf International Bank, JP Morgan, Natixis and Standard Chartered Bank has been picked to arrange the transaction
The dubai property developer is in talks with a small group of banks regarding the financing