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FINANCIAL NEWS
UAE to lend Serbia USD1bn worth loan
18 Oct 2016
(MENAFN) The UAE will lend Serbia USD1bn to help the indebted Balkan country funding its recent debts and to help it finance its budget deficit.
Accordingly, the 10-year loan would bear an interest rate of 2.25 percent and be approved by parliament in the coming days.
Moreover, Serbia’s economy has been positive this year, with its budget deficit to come in at 2.5 percent of GDP, lower than the 4pct planned for.
Serbia has been pushing for the IMF, with which it has USD1.2bn loan agreement to authorize higher spending in 2017.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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