Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.
The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.
The UAE telecoms operator has already secured the backing of 12 banks and up to four more could join.
National Bank of Kuwait made KD81.3 million of net profit in the three months of 2013.
The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.
The lender will raise the amount through two share sales including an IPO on the Doha bourse, its CEO said.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.
Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.
The stake will be split between domestic, qualified and foreign institutional and individual investors.
The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.
National Commercial Bank’s net profit was boosted by higher special commission and fee income.
The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.
The conglomerate is currently in the midst of a $4.5 billion debt restructuring.
The lender’s profit was boosted by a jump in both lending and customer deposits portfolio.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
The lender recently opened an office in Australia, and plans to open one in Sharjah.
SABB saw first quarter net profit rise 11 per cent, while Saudi Hollandi’s net profit rose 19.4 per cent.
The new move, to be introduced in mid-June, will allow customers to make automatic loan payments from their bank accounts.
Lead arrangers released official price guidance at 3.125 per cent after suggesting the low three per cent area as an indicator.
Mohammad Zaqout, previously executive vice president of personal banking at Al Hilal Bank, will be the new chief executive.
Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan
Kamal Jabre is relocating to London to take up a senior investment banking role.
French media group Vivendi aims to offload its 53 per cent holding in Moroccan firm Maroc.
The bank said it made $254 million in the three months ended March 31, 2013.