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National Bank of Abu Dhabi , the largest lender by assets in the United Arab Emirates, reported a 1 percent rise in second-quarter net profit on Wednesday, in line with analysts' estimates, as rising expenses offset higher revenue. NBAD, almost 70 percent owned by Abu Dhabi's government, made a net profit of 1.45 billion dirhams ($395 million) in the three months to June 30, up from 1.43 billion dirhams in the corresponding period of 2014, it said in a statement.

Abu Dhabi Islamic Bank (ADIB) posted a 10.5 percent rise in second-quarter net profit, beating analysts' estimates, as fee income boosted revenues. Banks in the United Arab Emirates are seeking to expand their income from sources other than interest as tough competition squeezes profit margins in the lending market.
Major Spanish banks reported a surge in quarterly net profits on Friday as earnings soared in a sector that just three years ago had to be bailed out. BBVA, Spain's second-biggest bank by market capitalisation, said net profits rose 73 percent to 1.2 billion euros ($1.3 billion) in the second quarter. The third-biggest, CaixaBank, said its net earnings doubled to 333 million euros.
Singapore Airlines (SIA) said its first quarter net profit more than doubled from a year earlier as fuel expenses fell due to lower oil prices. Net profit for the three months to June came in at Sg$91.2 million ($67 million), up 162 percent from Sg$34.8 million in the same period last year, the airline said in a filing to the Singapore Exchange.
German drugmaker Bayer saw underlying core earnings increase by one third in the second quarter, helped by a gain in prescriptions of new drugs such a stroke prevention pill Xarelto and lower raw material costs at its plastics division. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 2.90 billion euros ($3.21 billion), above market expectations of 2.68 billion, while revenue gained 18 percent to 12.09 billion, also beating the analyst consensus.
Japan's Panasonic Corp reported a 7 percent decline in first-quarter operating profit, missing analyst estimates, as sales fell in its appliances and housing technology businesses. Profit for April-June fell to 76.56 billion yen ($619.02 million) from the same period a year prior, compared with the 92.7 billion yen average estimate of 19 analysts polled by Thomson Reuters. Sales rose 0.3 percent to 1.86 trillion yen.
Japan's Nintendo Co Ltd booked a profit for the April-June quarter, defying market expectations for a loss due to a weaker yen and strong sales of its "amiibo" figurines which are sold as accessories to its popular games. Nintendo swung to a first-quarter operating profit of 1.1 billion yen ($9.3 million) from a loss of 9.5 billion yen a year earlier. That compared with the 6.3 billion yen average loss estimate of 20 analysts, Thomson Reuters data showed.
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln