Moody's Ratings ("Moody's") has today affirmed Burgan Bank K.P.S.C.'s (Burgan) long-term local and foreign currency bank deposit ratings at Baa1 with a stable outlook, and the bank's Baseline Credit Assessment (BCA) and Adjusted BCA at ba2. Moody's has also affirmed the bank's long-term local and fo...
Summary Al Ahli Bank of Kuwait - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Al Ahli Bank of Kuwait (ABK) offers retail and commercial banking services. The bank offerings include various types of accounts, deposits, and cards. ABK provides loans, letters of cre...
A director at Burgan Bank sold 178,699 shares at 0.226KWD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
Medium-term optimism holds. Pickup in GDP growth, policy rate hikes, and moderating CBK provisioning requirements are among the main factors shaping the outlook for Kuwait banks through end-2023e – together these translate into favourable growth and profitability prospects for banks. That said, Kuwait banks trade at, or close to, their all-time-high levels, implying these upside risks are already largely captured, rendering selectivity as the preferred approach.Single out NBK. We flag NBK as the...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
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