Managers of Wealth Middle East -Wealth, private banking and asset management news and opinion

Dubai's Emirates NBD Q1 net profit gains 8 pct on lower provisions

Analysts at EFG Hermes and SICO Bahrain had forecast the bank would make a net profit for the quarter of 1.87 billion dirhams and 1.93 billion dirhams respectively.

Doha Bank posts QR354mn Q1 profit on robust operations

Doha Bank also offered various limited period offers such as ‘0% payment plans’, ‘free cabin bag’ and ‘complementary gift vouchers’ in coordination with popular merchants for all its credit card customers.

Emirates NBD Announces First Quarter 2016 Results

Tighter liquidity conditions and a strong dollar will continue to pose headwinds to non-oil growth, particularly in the services sectors.

BBK reports a net profit attributable to the owners of the bank of BD 15.28 million for the first quarter of 2016

In line with the bank's prudent provisioning policy, BBK set aside BD 3.7 million as net provision for its exposures

Doha Bank achieves strong performance ratios

The new enhanced version of Doha Bank mobile banking application offers users the option of using fingerprints to authenticate identities to sign in to mobile banking - instead of user ID and password.

Refile-Saudi's Al Rajhi Bank Q1 net profit rises 33 pct, beats forecasts

Quarterly operating income rose 8 percent versus the corresponding period of 2015 to 3.7 billion riyals, while profit from special commissions increased 4.5 percent over the same timeframe to 2.57 billion riyals.

Bank Muscat net profit up 1.1% to RO44mn

Bank Muscat's net loans and advances from conventional operations rose by 6.9 per cent to RO6.92bn from RO6.47bn a year ago.

ValuStrat issue Q1 2016 Dubai Real Estate Market Report

In terms of registered residential transactions, median residential prices were 10.4% lower YoY and 2.5% lower QoQ.

Nbk reports net profits of KD 78.9 million for 1Q 2016

Al-Sayer affirmed that the strong set of results in 1Q 2016 are driven mainly by the solid growth of the core banking activities.

National Bank of Kuwait reports Q1 profit slide on lower investment income

Net interest income and net income from Islamic financing and fees both increased during the latest quarter, the bank noted in the bourse filing.

Saudi's Arab National Bank Q1 profit beats forecasts despite 2.8 pct dip

Four analysts polled by Reuters had forecast on average the lender would make a first-quarter net profit of 685.8 million riyals.

Bahrain non-oil sector expands by 3.9% in 2015

Non-oil sector now accounts for more than 80% of real GDP Value of non-oil goods traded has increased by 19% since 2010 Domestic credit growth reaches 10% annual pace in final quarter of 2015

Where 14% yield in a world of negative rates isn’t enough

Yet they are still yielding the same or less than Brazilian or Zambian debt with a higher credit rating.

QIB posts 23% jump in Q1 profit to QR429mn

QIB’s total Income for the three-month period ended in March reached QR1.28bn compared with QR950mn in the same period last year.

National Bank of Oman Q1 net profit rises 10 pct

The bank had recorded a significant outflow of deposits during 2015

Tadawul boosted by strong banking results

Banking shares helped lift Saudi Arabia’s stock market on Tuesday as two lenders beat analysts’ earnings forecasts, helping boost investor sentiment across the region, while Egypt extended its correction.

The Making of a Perfect Storm for GCC Sukuk

The result was an increase in cash holdings due to a lack of sukuk options to invest into.

SABB First Quarter Profit Increase to SAR 1,142 Million

The bank's investment portfolio of SAR 28.6 billion at 31 March 2016 - a decrease of SAR 18.7 billion, or 39.5 %, from SAR 47.3 billion at 31 March 2015.

Qatar Bank Liquidity Slumps in February After Deposits Decline

Lenders’ loan-to-deposit ratio climbed to 125.9 percent from 121.8 percent in January, according to Bloomberg calculations.

Barwa Bank posts 2015 profit of QR729.7mn

Barwa Bank’s customer deposits totalled QR25.5bn at a growth rate of 16.5% in 2015.

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