DUBAI, Dec 26 (Reuters) - Outstanding provisions for bad loans set aside by banks in the United Arab Emirates fell in October for the first time since the global financial crisis began building in 2008, central bank data showed on Wednesday.
The small drop does not indicate an end to the corporate debt problems that have weighed on UAE banks' earnings over the past several years. But it does suggest the banks are over the worst of thoseproblems, helped by solideconomic growth and a fledgling recovery of Dubai's real estate market.
Provisions set aside for specific non-performing loans edged down to 65.3billion dirhams ($17.8 billion) at the end of October from 65.4 billion dirhams in September, thedata showed.
The official WAM news agency said it was the firsttime since 2008 that provisions had dropped. In October 2011 they stood at 51.9 billion dirhams and at the end of2008 they amounted to 19.7 billion dirhams, according to the central bank.
General provisions earmarked for other purposes by the 23 UAE-based banks and 28 units of foreign banks alsofell slightly in October to 17.4 billion dirhams from 17.6 billion dirhams in September; they totalled 15.4 billion dirhams in October 2011.
Banks in the UAE were hitfirst by the global financialcrisis, then by the Dubai corporate debt disaster of 2009-2010, when the emirate's real estate market crashed and conglomerate Dubai World asked to restructure $25 billion of debt.
The debt problems have not yet been fully workedthrough. For example another investment conglomerate, Dubai Group, is still struggling torestructure $10 billion of debt, and it is not clear whether banks may have to take further provisions against that debt.
Early this month, credit rating agency Moody's Investors Service downgraded ratings of three Dubai banks including the emirate's biggest, Emirates NBD. It cited large amounts of problem loans and said the banks had low levels of balance sheet coverage for loan losses and would need additional provisioning.
But a recovery in Dubai's real estate market has greatly improved the bond market's confidencein the financial strength ofUAE banks and many of their big customers, and their bond yields have plunged this year.
Moody's predicted last month that the ratio of problem loans to gross loans in the UAE banking sector would be between 10 and 12 percent for 2012 and drop marginallyin 2013.
Banks in the UAE have built up strong capital buffers against losses; theyhad core capital worth 17.2 percent of risk-weighted assets in September, a much higher level than banks inmany Western countries, central bank data showed.
However, the aftermath ofthe debt crisis has slowed growth in their lending, which rose just 2.8 percent from a year earlierto 1.10 trillion dirhams in October.
Total deposits, boosted bythe real estate recovery and Dubai's ability to attract foreign funds as a safe haven in an unstable region, jumped 9.4 percent to 1.16 trillion dirhams. (editing by Jane Baird)
Wednesday, 26 December 2012
Tuesday, 25 December 2012
Kingfisher files revival plan with air regulator
NEW DELHI, Dec 25 (Reuters) - Grounded Indian carrier Kingfisher Airlines has filed a revival plan with the country's airline regulator, a senior government official said on Tuesday, in an effort torenew its operating license before it expires atthe end of the year.
Kingfisher, which has not flown since October, has estimated debts of $2.5 billion and owes money tobanks, airports, tax authorities, plane leasing companies, and its staff.
The Directorate General ofCivil Aviation (DGCA), India's aviation regulator, which suspended Kingfisher's licence to fly after months of cancelled flights and staff walkouts, has demanded a turnaround plan before the airline is permitted to fly again.
The DGCA wants all creditors to agree to the revival plan submitted by Kingfisher, and has not decided on its course of action, said the government official who has direct knowledge Of the matter, speaking on condition of anonymity.
Bankers maintain they have the option of restructuring Kingfisher's loans for a second time, orinfusing more capital, but they are awaiting a concrete revival or turnaround plan from the company, including capital injection by company chairman Vijay Mallya.
The airline did not say where it would find the money it needs, but mentioned it was in talks with several parties, including one in London, for new cash, the source said.
Mallya's United Breweries Group plans to invest 6.52billion rupees ($119 million) in the airline as part of the turnaround plan it filed on Monday, according to reports in a local newspaper on Tuesday.
Kingfisher has tried unsuccessfully to raise cash for more than a year. It said earlier this month itwas in talks with Abu Dhabi's Etihad Airways and other potential investors about selling a stake in the carrier. ($1 = 54.9650 Indian rupees) (Additional reporting by Swati Pandey in Mumbai; Writing by Aditi Shah; Editing by Daniel Magnowski)
Kingfisher, which has not flown since October, has estimated debts of $2.5 billion and owes money tobanks, airports, tax authorities, plane leasing companies, and its staff.
The Directorate General ofCivil Aviation (DGCA), India's aviation regulator, which suspended Kingfisher's licence to fly after months of cancelled flights and staff walkouts, has demanded a turnaround plan before the airline is permitted to fly again.
The DGCA wants all creditors to agree to the revival plan submitted by Kingfisher, and has not decided on its course of action, said the government official who has direct knowledge Of the matter, speaking on condition of anonymity.
Bankers maintain they have the option of restructuring Kingfisher's loans for a second time, orinfusing more capital, but they are awaiting a concrete revival or turnaround plan from the company, including capital injection by company chairman Vijay Mallya.
The airline did not say where it would find the money it needs, but mentioned it was in talks with several parties, including one in London, for new cash, the source said.
Mallya's United Breweries Group plans to invest 6.52billion rupees ($119 million) in the airline as part of the turnaround plan it filed on Monday, according to reports in a local newspaper on Tuesday.
Kingfisher has tried unsuccessfully to raise cash for more than a year. It said earlier this month itwas in talks with Abu Dhabi's Etihad Airways and other potential investors about selling a stake in the carrier. ($1 = 54.9650 Indian rupees) (Additional reporting by Swati Pandey in Mumbai; Writing by Aditi Shah; Editing by Daniel Magnowski)
Egypt has banned travellers from carrying more than $10,000 in foreign currency cash in or out of the country,
Political turmoil over the past month has raised fears among ordinary citizens that the government - which has pushed back talks to seal IMF funding till January -may not be able to get its fragile finances under control.
The central bank has spent more than $20 billion of its foreign reserves to support the pound since the popular uprising that toppled Hosni Mubarak in early 2011. It now has only $15billion, which is equal to only about three months of imports cover.
Presidential spokesman Yasser Ali on Tuesday confirmed the government decision, which includes U.S. dollars or their equivalentin other foreign currencies. The decision also forbids sending cash through the mail.
The decision prohibits all travellers from "bringing foreign currency into the country or carrying it out to only $10,000".
Any funds over $10,000 must be transferred electronically, Ali added.
Previously, travellers weresimply required to declare any amounts above $10,000 to authorities on their way in or out.
Bankers say depositors had been withdrawing greater amounts of cash from their accounts since President Mohamed Mursiissued a constitutional declaration last month thatexpanded his powers andthrew the country into a political crisis.
The crisis has complicated a $4.8 billion loan the government is seeking from the International Monetary Fund.
The central bank has spent more than $20 billion of its foreign reserves to support the pound since the popular uprising that toppled Hosni Mubarak in early 2011. It now has only $15billion, which is equal to only about three months of imports cover.
Presidential spokesman Yasser Ali on Tuesday confirmed the government decision, which includes U.S. dollars or their equivalentin other foreign currencies. The decision also forbids sending cash through the mail.
The decision prohibits all travellers from "bringing foreign currency into the country or carrying it out to only $10,000".
Any funds over $10,000 must be transferred electronically, Ali added.
Previously, travellers weresimply required to declare any amounts above $10,000 to authorities on their way in or out.
Bankers say depositors had been withdrawing greater amounts of cash from their accounts since President Mohamed Mursiissued a constitutional declaration last month thatexpanded his powers andthrew the country into a political crisis.
The crisis has complicated a $4.8 billion loan the government is seeking from the International Monetary Fund.
a California Instagram user leveled breach of contract and other claims against the company.
SAN FRANCISCO (Reuters) - Facebook's Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service terms that prompted howls of protest last week.
In a proposed class action lawsuit filed in San Francisco federal court on Friday, a California Instagram user leveled breach of contract and other claims against the company.
"We believe this complaintis without merit and we will fight it vigorously," Facebook spokesman Andrew Noyes said in an e-mail.
Instagram, which allows people to add filters and effects to photos and share them easily on the Internet, was acquired by Facebook earlier this year for $715 million.
In announcing revised terms of service last week, Instagram spurred suspicions that it would sell user photos without compensation. It also announced a mandatory arbitration clause, forcing users to waive their rights to participate in a class action lawsuit except under very limited circumstances.
The current terms of service, in effect through mid-January, contain no such liability shield.
The backlash prompted Instagram founder and CEO Kevin Systrom to retreat partially a few dayslater, deleting language about displaying photos without compensation.
However, Instagram kept language that gave it the ability to place ads in conjunction with user content, and saying "that we may not always identify paid services, sponsored content, or commercial communications as such." It also kept the mandatoryarbitration clause.
The lawsuit, filed by San Diego-based law firm Finkelstein & Krinsk, says customers who do not agree with Instagram's terms can cancel their profile but then forfeit rights to photos they had previously shared on the service.
"In short, Instagram declares that 'possession isnine-tenths of the law and if you don't like it, you can't stop us,'" the lawsuit says.
Kurt Opsahl, a senior staff attorney with the Electronic Frontier Foundation who had criticized Instagram, said he was pleased that the company rolled back some of the advertising terms and agreed to better explain their plans in the future.
However, he said the newterms no longer contain language which had explicitly promised that private photos would remain private. Facebook had engendered criticism in the past, Opsahl said, for changing settings so that the ability to keep some information private was no longer available.
"Hopefully, Instagram willlearn from that experienceand refrain from removingprivacy settings," Opsahl said.
The civil lawsuit in U.S. District Court, Northern District of California, is Lucy Funes, individually and on behalf of all otherssimilarly situated vs. Instagram Inc., 12-cv-6482.
(Reporting by Dan Levine;Editing by Dan Grebler)
In a proposed class action lawsuit filed in San Francisco federal court on Friday, a California Instagram user leveled breach of contract and other claims against the company.
"We believe this complaintis without merit and we will fight it vigorously," Facebook spokesman Andrew Noyes said in an e-mail.
Instagram, which allows people to add filters and effects to photos and share them easily on the Internet, was acquired by Facebook earlier this year for $715 million.
In announcing revised terms of service last week, Instagram spurred suspicions that it would sell user photos without compensation. It also announced a mandatory arbitration clause, forcing users to waive their rights to participate in a class action lawsuit except under very limited circumstances.
The current terms of service, in effect through mid-January, contain no such liability shield.
The backlash prompted Instagram founder and CEO Kevin Systrom to retreat partially a few dayslater, deleting language about displaying photos without compensation.
However, Instagram kept language that gave it the ability to place ads in conjunction with user content, and saying "that we may not always identify paid services, sponsored content, or commercial communications as such." It also kept the mandatoryarbitration clause.
The lawsuit, filed by San Diego-based law firm Finkelstein & Krinsk, says customers who do not agree with Instagram's terms can cancel their profile but then forfeit rights to photos they had previously shared on the service.
"In short, Instagram declares that 'possession isnine-tenths of the law and if you don't like it, you can't stop us,'" the lawsuit says.
Kurt Opsahl, a senior staff attorney with the Electronic Frontier Foundation who had criticized Instagram, said he was pleased that the company rolled back some of the advertising terms and agreed to better explain their plans in the future.
However, he said the newterms no longer contain language which had explicitly promised that private photos would remain private. Facebook had engendered criticism in the past, Opsahl said, for changing settings so that the ability to keep some information private was no longer available.
"Hopefully, Instagram willlearn from that experienceand refrain from removingprivacy settings," Opsahl said.
The civil lawsuit in U.S. District Court, Northern District of California, is Lucy Funes, individually and on behalf of all otherssimilarly situated vs. Instagram Inc., 12-cv-6482.
(Reporting by Dan Levine;Editing by Dan Grebler)
Jaguar Land Rover's Chinese subsidiary will recall 337 cars
The General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website that Jaguar Land Rover's China unit is recalling 190 2012 Evoque and Freelander vehicles produced on June 11 this year.
The agency's statement saidthe recall was prompted by concerns that substandard fixings in the vehicles' rear brake calipers may lead to brakes failing and sudden tire deflation.
The agency said another 147 2012 Evoque and 2013Evoque vehicles made between October 20 and September 18 will also be recalled due to problems intheir steering boxes, which contain "security risks".
Jaguar Land Rover, the British luxury marque owned by India's Tata Motors , has relied on strong demand over the past year from emerging markets such as China for itsluxury SUVs and sleek sedans to offset sluggish growth in developed markets.
The agency's statement saidthe recall was prompted by concerns that substandard fixings in the vehicles' rear brake calipers may lead to brakes failing and sudden tire deflation.
The agency said another 147 2012 Evoque and 2013Evoque vehicles made between October 20 and September 18 will also be recalled due to problems intheir steering boxes, which contain "security risks".
Jaguar Land Rover, the British luxury marque owned by India's Tata Motors , has relied on strong demand over the past year from emerging markets such as China for itsluxury SUVs and sleek sedans to offset sluggish growth in developed markets.
Spain's awards billions lottery winners
The country's annual Christmas lottery pays out this year $2.2 billion to thousands of winners, but those holding the winning number for the top prize --76058 -- for El Gordo, or"the fat one," reaped the biggest rewards, accordingto Spain's state-run lottery.
The first prize paid $950 million overall, or 43 percent of the total prizes, and most of "El Gordo" waswon by some residents of the historic university town of Alcala de Henares, just east of Madrid, the lottery administration said.
There, in a working class neighborhood with public housing and many immigrants, Spanish media reported that champagne bottles were popping at the lottery office that sold many of the winning tickets.
Spaniards typically buy a share of a ticket, among friends or family, at the local bar or workplace, so the joy was spread around.
Is praying for a lottery win frowned upon? Depends on who you ask
A man in Alcala de Henares bought 10 shares -- an amount known as a"full ticket," and now worth $5.2 million -- and had given them away otherfamily members. One recipient, the father of a young child, said he would try to buy a decent home and a car.
Another winner was a cafe owner who said he'd still probably open for businesson Monday, after going to collect his earnings at the bank, Spanish media reported.
The second biggest prize mostly went to residents in the town of Aranda de Duero, north of Madrid. Numerous towns across thenation also got a piece of the action, and some portions of the top El Gordo prize were sold in 15 Spanish provinces.
But Spain's recession and the unemployment rate that tops 25% clearly had an impact on the lottery intake this year.
The first prize paid $950 million overall, or 43 percent of the total prizes, and most of "El Gordo" waswon by some residents of the historic university town of Alcala de Henares, just east of Madrid, the lottery administration said.
There, in a working class neighborhood with public housing and many immigrants, Spanish media reported that champagne bottles were popping at the lottery office that sold many of the winning tickets.
Spaniards typically buy a share of a ticket, among friends or family, at the local bar or workplace, so the joy was spread around.
Is praying for a lottery win frowned upon? Depends on who you ask
A man in Alcala de Henares bought 10 shares -- an amount known as a"full ticket," and now worth $5.2 million -- and had given them away otherfamily members. One recipient, the father of a young child, said he would try to buy a decent home and a car.
Another winner was a cafe owner who said he'd still probably open for businesson Monday, after going to collect his earnings at the bank, Spanish media reported.
The second biggest prize mostly went to residents in the town of Aranda de Duero, north of Madrid. Numerous towns across thenation also got a piece of the action, and some portions of the top El Gordo prize were sold in 15 Spanish provinces.
But Spain's recession and the unemployment rate that tops 25% clearly had an impact on the lottery intake this year.
Monday, 24 December 2012
Saturday, 22 December 2012
Peru to prepay up to $1.5 billion in debt to stem the Peruvian sol's
LIMA, Dec 22 (Reuters) - Peru will launch an aggressive plan to prepay up to $1.5 billion in debt in 2013 to try to stem the Peruvian sol's appreciationby soaking up foreign currency in the local market, Finance Minister Luis Miguel Castilla said on Saturday.
"We are going to use and make prepayments of between $1 billion and$1.5 billion in 2013, and this will serve to absorb some of the appreciating pressure that exists in the economy," the minister told a news conference.
Peru's sol closed on Friday at its strongest level in more than 16 years, with a bid price of 2.558 per dollar.
Yield-hungry investors have poured money into emerging markets such as Peru, which has expanded on average by 6 percent a year in the last decade. It currently ranks as South America's fastest-growing economy.
Castilla also raised his forecast for 2013 economicgrowth to 6.3 percent from 6.0 percent previously. The new number matches the government's growth forecast for 2012.
The minister mentioned the possibility of debt prepayment during an interview with Reuters nearly two months ago. He said the debt prepayment was part of a"liability management policy" that seeks to improve and extend the Andean country's debt profile.
Paying foreign bonds early would complement other measures the government has applied to curb the sol's rally, such as raising deposit requirements on bank accounts denominated in dollars or allowing local pension funds to invest more money abroad.
Peru has local and foreigndebt in dollars and soles that are equivalent to about $36.6 billion, or nearly 20 percent of grossdomestic product. About$20 billion is foreign debt,according to the central bank.
"We are going to use and make prepayments of between $1 billion and$1.5 billion in 2013, and this will serve to absorb some of the appreciating pressure that exists in the economy," the minister told a news conference.
Peru's sol closed on Friday at its strongest level in more than 16 years, with a bid price of 2.558 per dollar.
Yield-hungry investors have poured money into emerging markets such as Peru, which has expanded on average by 6 percent a year in the last decade. It currently ranks as South America's fastest-growing economy.
Castilla also raised his forecast for 2013 economicgrowth to 6.3 percent from 6.0 percent previously. The new number matches the government's growth forecast for 2012.
The minister mentioned the possibility of debt prepayment during an interview with Reuters nearly two months ago. He said the debt prepayment was part of a"liability management policy" that seeks to improve and extend the Andean country's debt profile.
Paying foreign bonds early would complement other measures the government has applied to curb the sol's rally, such as raising deposit requirements on bank accounts denominated in dollars or allowing local pension funds to invest more money abroad.
Peru has local and foreigndebt in dollars and soles that are equivalent to about $36.6 billion, or nearly 20 percent of grossdomestic product. About$20 billion is foreign debt,according to the central bank.
List of banks in Texas
*. First Bank
Includes First Bank, whichserves Missouri and Illinois, and First Bank & Trust, which operates in California and Texas.
www.firstbanks.com
*. Broadway Bank
www.broadwaybank.com
*. Texas Capital Bank (Nasdaq: TCBI )
Offers corporate and private banking, as well as personal finance services.
www.texascapitalbank.com
*. Amarillo National Bank
Provides financial information online, including regional economic data. Learn moreabout ANB's new check card system.
www.anb.com
*. Southside Bank (Nasdaq: SBSI )
www.southside.com
*. American State Bank
Providing banking servicesto West Texas since 1948.
www.asbonline.com
*. BankDirect
Open accounts online, paybills, check interest rates, etc.
www.bankdirect.com
*. Farm Credit Bank of Texas
Provider of long term loans for farms, ranches, and country homes to buy,refinance or improve.
www.farmcreditbank.com
*. American Bank
Independent financial institution serving the Corpus Christi Bay Area.
www.americanbank.com
*. Alliance Bank
Independently owned community bank dedicated to providing the best service to our customers and promoting economic growth in the communities the bank serves.
www.alliancebank.com
*. Franklin Bank
Providing community financial services to individuals and businesses.
www.bankfranklin.com
*. American Bank of Commerce
www.theabcbank.com
*. Southwest Bank of Texas
Specializes in private banking for individuals and commercial lending for growing companies.
www.swbanktx.com
*. City Bank
Banking, insurance, and mortgage services.
www.citybankonline.com *. American National Bank
Locally-owned and operated full service bank.
www.amnat.com
*. Moody National Bank
Serving the Texas area for over 90 years
www.moodybank.com
*. Klein Bank
serving Northwest Houston communities in Harris County and Montgomery County.
www.kleinbank.com
*. State National Bank of WestTexas
www.statenationalbank.com
*. City National Bank
www.cnbt.com/ *. Del Rio Bank and Trust
Learn how we can help your business connect withMexican trade.
www.thebankandtrust.com/
*. Citizens National Bank
Community bank in East Texas.
www.cnbtexas.com
*. City National Bank
East Texas financial institution serving individuals and businesses. Our web site lists our products and services.
www.citynationalbank.com
*. First Victoria National Bank
www.fvnb.com
*. Brenham National Bank
Checking, loans, credit cards, ATM cards, investment Services, student loans and more.
www.bnbank.com
*. La Grange State Bank
www.lonestarbank.com
*. Texas Bank
Homeowned bank offeringchecking, savings, trust services and a variety of financial services.
www.txbank.com
*. Brady National Bank
www.bradynationalbank.com
*. Bank of the West
Independent bank specializing in small business loans.
www.bnkwest.com
*. Citizens State Bank
serving the Tyler, Chandler/Lake Palestine and Brownsboro areas.
www.mybankcsb.com
*. First Community Bank, N.A.
Offers individual and commercial accounts. Online banking available.
www.firstcommunitybank.net
*. Citizens State Bank of Somerville Texas
www.csbtx.com
*. North Dallas Bank & Trust
Providing personal and commercial services.
www.ndbt.com
*. Wallis State Bank
Has been serving residents, businesses, and farmers for over 90 years utilizing the latest technology combined withpersonalized service.
www.wallisbank.com
*. Texas Bank
Serving Brown and Erath Counties.
www.texbank.com
*. Eagle Bank
Locally owned and operated.
www.eagle-bank.com
*. First State Bank
Full service banking to theTexas and Oklahoma panhandles, with locations in Dumas, Dalhart, and Stratford.
www.firstclassbanking.com
*. First Command Bank
Offers personal and business banking services and products along with military and former military families banking facility.
www.firstcommandbank.com
*. Synergy Bank
www.synergybank.com
*. First Texas Bancorp
www.firsttexasbank.com *. Abrams Centre National Bank
www.abramsbank.com
*. Texas First Bank
Locally-owned bank offering nine convenient locations throughout Galveston County.
www.texasfirstbanks.com
*. State Bank of Texas
Offers a full range of business and personal banking services.
www.statebanktx.com
*. Bank of the West - El Paso
Offering full range of services for personal and business customers.
www.botw-ep.com
*. First National Bank in Port Lavaca
Old-fashioned personal service.
www.fnbportlavaca.com
*. Eisenhower National Bank
Providing full bank services and products for the military and DOD civilians.
www.enbank.com
*. Schwertner State Bank
Offering full account access over the Internet.
www.txloanstar.com
*. First Bank Of Conroe
www.fboc.com
*. Heritage National Bank
Offers home banking, deposit accounts, debit cards, and competitive rates on home mortgages, credit cards, and personal and commercial loans.
www.heritagenationalbank.com
*. First National Bank of Bellville
An independent, full service commercial bank.
www.fnbbellville.com
*. Jefferson State Bank
www.jeffersonstatebank.com
*. Security Bank
With online banking.
www.security-bank.com
Includes First Bank, whichserves Missouri and Illinois, and First Bank & Trust, which operates in California and Texas.
www.firstbanks.com
*. Broadway Bank
www.broadwaybank.com
*. Texas Capital Bank (Nasdaq: TCBI )
Offers corporate and private banking, as well as personal finance services.
www.texascapitalbank.com
*. Amarillo National Bank
Provides financial information online, including regional economic data. Learn moreabout ANB's new check card system.
www.anb.com
*. Southside Bank (Nasdaq: SBSI )
www.southside.com
*. American State Bank
Providing banking servicesto West Texas since 1948.
www.asbonline.com
*. BankDirect
Open accounts online, paybills, check interest rates, etc.
www.bankdirect.com
*. Farm Credit Bank of Texas
Provider of long term loans for farms, ranches, and country homes to buy,refinance or improve.
www.farmcreditbank.com
*. American Bank
Independent financial institution serving the Corpus Christi Bay Area.
www.americanbank.com
*. Alliance Bank
Independently owned community bank dedicated to providing the best service to our customers and promoting economic growth in the communities the bank serves.
www.alliancebank.com
*. Franklin Bank
Providing community financial services to individuals and businesses.
www.bankfranklin.com
*. American Bank of Commerce
www.theabcbank.com
*. Southwest Bank of Texas
Specializes in private banking for individuals and commercial lending for growing companies.
www.swbanktx.com
*. City Bank
Banking, insurance, and mortgage services.
www.citybankonline.com *. American National Bank
Locally-owned and operated full service bank.
www.amnat.com
*. Moody National Bank
Serving the Texas area for over 90 years
www.moodybank.com
*. Klein Bank
serving Northwest Houston communities in Harris County and Montgomery County.
www.kleinbank.com
*. State National Bank of WestTexas
www.statenationalbank.com
*. City National Bank
www.cnbt.com/ *. Del Rio Bank and Trust
Learn how we can help your business connect withMexican trade.
www.thebankandtrust.com/
*. Citizens National Bank
Community bank in East Texas.
www.cnbtexas.com
*. City National Bank
East Texas financial institution serving individuals and businesses. Our web site lists our products and services.
www.citynationalbank.com
*. First Victoria National Bank
www.fvnb.com
*. Brenham National Bank
Checking, loans, credit cards, ATM cards, investment Services, student loans and more.
www.bnbank.com
*. La Grange State Bank
www.lonestarbank.com
*. Texas Bank
Homeowned bank offeringchecking, savings, trust services and a variety of financial services.
www.txbank.com
*. Brady National Bank
www.bradynationalbank.com
*. Bank of the West
Independent bank specializing in small business loans.
www.bnkwest.com
*. Citizens State Bank
serving the Tyler, Chandler/Lake Palestine and Brownsboro areas.
www.mybankcsb.com
*. First Community Bank, N.A.
Offers individual and commercial accounts. Online banking available.
www.firstcommunitybank.net
*. Citizens State Bank of Somerville Texas
www.csbtx.com
*. North Dallas Bank & Trust
Providing personal and commercial services.
www.ndbt.com
*. Wallis State Bank
Has been serving residents, businesses, and farmers for over 90 years utilizing the latest technology combined withpersonalized service.
www.wallisbank.com
*. Texas Bank
Serving Brown and Erath Counties.
www.texbank.com
*. Eagle Bank
Locally owned and operated.
www.eagle-bank.com
*. First State Bank
Full service banking to theTexas and Oklahoma panhandles, with locations in Dumas, Dalhart, and Stratford.
www.firstclassbanking.com
*. First Command Bank
Offers personal and business banking services and products along with military and former military families banking facility.
www.firstcommandbank.com
*. Synergy Bank
www.synergybank.com
*. First Texas Bancorp
www.firsttexasbank.com *. Abrams Centre National Bank
www.abramsbank.com
*. Texas First Bank
Locally-owned bank offering nine convenient locations throughout Galveston County.
www.texasfirstbanks.com
*. State Bank of Texas
Offers a full range of business and personal banking services.
www.statebanktx.com
*. Bank of the West - El Paso
Offering full range of services for personal and business customers.
www.botw-ep.com
*. First National Bank in Port Lavaca
Old-fashioned personal service.
www.fnbportlavaca.com
*. Eisenhower National Bank
Providing full bank services and products for the military and DOD civilians.
www.enbank.com
*. Schwertner State Bank
Offering full account access over the Internet.
www.txloanstar.com
*. First Bank Of Conroe
www.fboc.com
*. Heritage National Bank
Offers home banking, deposit accounts, debit cards, and competitive rates on home mortgages, credit cards, and personal and commercial loans.
www.heritagenationalbank.com
*. First National Bank of Bellville
An independent, full service commercial bank.
www.fnbbellville.com
*. Jefferson State Bank
www.jeffersonstatebank.com
*. Security Bank
With online banking.
www.security-bank.com
List of Banks in Saudi Arabia
National Commercial Bank
P.O. Box 3555, Jeddah
T : 02 6493333
F : 02 6446468
W : www.ncb.com.sa
Riyadh Bank
King Faisal Street,
Al Bat'ha, P.O. Box 229,
Riyadh
T : 01 4113333F : 01 4114626
W : www.riyadbank.com
Arab National Bank
King Faisal Street,
North Murabba,
P.O. Box 56921, Riyadh
T : 01 4029000
F : 01 4027747
W : www.anb.com.sa
Saudi British Bank
Salah Al Din Al Ayyoubi Road,
P.O. Box 9084, Riyadh
T : 01 4050677
F : 01 4050660
W : www.sabb.com.sa
Saudi American Bank
P.O. Box 833, Riyadh
T : 01 4774770
F : 01 4774770 ext.1473
W : www.samba.com.sa
Banque Saudi Fransi
P.O. Box 56006, Riyadh
T : 01 4042222
F : 01 4042311
W : www.alfransi.com
Saudi Hollandi Bank
Al Dhabab Street,
P.O. Box 1467, Riyadh
T : 01 4010288
F : 01 4031104
W : www.saudihollandibank.com
Bank Al Jazira
P.O. Box 6277, Jeddah
T : 02 6518070
F : 02 6532478
W : www.baj.com.sa
Saudi Investment Bank
P.O. Box 3533, Riyadh
T : 01 4786000
F : 01 4776781
W : www.saib.com.sa
Al Rajhi Bank
P.O. Box 28, Riyadh
T : 01 4054244
F : 01 4052950
W : www.alrajhibank.com.sa
Al Bilad Bank
Steen Street, Al Malaz,
P.O. Box 140, Riyadh
T : 01 4798888
F : 01 4798898
W : www.bankalbilad.com.sa
Islamic Development Bank
King Khaleed Street,
P.O. Box. 5925, Jeddah
T : 02 6361400
F : 02 6366871
W : www.isdb.org
P.O. Box 3555, Jeddah
T : 02 6493333
F : 02 6446468
W : www.ncb.com.sa
Riyadh Bank
King Faisal Street,
Al Bat'ha, P.O. Box 229,
Riyadh
T : 01 4113333F : 01 4114626
W : www.riyadbank.com
Arab National Bank
King Faisal Street,
North Murabba,
P.O. Box 56921, Riyadh
T : 01 4029000
F : 01 4027747
W : www.anb.com.sa
Saudi British Bank
Salah Al Din Al Ayyoubi Road,
P.O. Box 9084, Riyadh
T : 01 4050677
F : 01 4050660
W : www.sabb.com.sa
Saudi American Bank
P.O. Box 833, Riyadh
T : 01 4774770
F : 01 4774770 ext.1473
W : www.samba.com.sa
Banque Saudi Fransi
P.O. Box 56006, Riyadh
T : 01 4042222
F : 01 4042311
W : www.alfransi.com
Saudi Hollandi Bank
Al Dhabab Street,
P.O. Box 1467, Riyadh
T : 01 4010288
F : 01 4031104
W : www.saudihollandibank.com
Bank Al Jazira
P.O. Box 6277, Jeddah
T : 02 6518070
F : 02 6532478
W : www.baj.com.sa
Saudi Investment Bank
P.O. Box 3533, Riyadh
T : 01 4786000
F : 01 4776781
W : www.saib.com.sa
Al Rajhi Bank
P.O. Box 28, Riyadh
T : 01 4054244
F : 01 4052950
W : www.alrajhibank.com.sa
Al Bilad Bank
Steen Street, Al Malaz,
P.O. Box 140, Riyadh
T : 01 4798888
F : 01 4798898
W : www.bankalbilad.com.sa
Islamic Development Bank
King Khaleed Street,
P.O. Box. 5925, Jeddah
T : 02 6361400
F : 02 6366871
W : www.isdb.org
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