EM CEEMEA CREDIT: ARNBAB: FY24 results look encouraging

Feb-05 10:19

Arab National Bank (ARNBAB: A1/A-/A-)

FY 24 results look encouraging

  • PBT SAR 5.75bn +21% YOY
  • Net profits SAR 4.9bn + 22% YoY
  • Total assets SAR 218bn +12% YoY
  • Total deposits SAR182bn +9.8%
  • Net loans SAR +11% YoY

No asset quality or capitalisation details given.

Historical bullets

EURIBOR: Put fly seller

Jan-06 10:19

ERH5 97.62/97.50/97.37p fly sold at 3 in 4k.

US TSY FLOWS: Block trade

Jan-06 10:16

10yr Block trade suggest buyer:

  • TYH5 5k at 108.15.

US TSY FLOWS: Bouncing off the lows

Jan-06 10:09
  • Some order related bid in Treasuries helps the strip off its low with a pick up in Volumes as we slowly head into the US session.
  • TY is bought in 7k, FV 6k and US 2k, all cumulative volumes, but futures contract remain well within the European ranges.