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

National Bank of Kuwait might have to take more provisions -CEO quoted

There have to be precautions and provisions if the situation continues with declining asset prices and declining stock markets that would lead to bad results

Qatar bank results point to a tough year ahead

Tough operating conditions to dent banking sector profitability

RAKBANK reports net profit of AED 1.4 billion for 2015

However, provisions for Loan Impairments increased by AED 460.1 million over last year due to higher loan provisioning

KHCB reports 109.8% increase in net profits over 2014

The bank has recorded a net profit of BD 1.9 million in the fourth quarter of 2015 compared to a net profit of BD 1 million reported in the fourth quarter of last year.

Al-Nahedh: KFH's Policy Focuses on Increasing Sustainable Profitability, Core Banking Business

In an interview with CNBC Arabiya NPLs shrank to 1.98%

Al-Mazaya reports KD 9.32m net profit for 2015

Earnings per share was calculated at 15.04 fils for 2015, compared to 13.05 fils for 2014

FGB Group Full Year 2015 Net Profit exceeds AED 6.0 Billion

Net profit up 6%, marking 16th consecutive year of increased profitability

UAE's First Gulf Bank Q4 net profit rises 11 pct, beats forecasts

Three analysts polled by Reuters had forecast an average net profit for the quarter of 1.46 billion dirhams.

U.S. lawsuit payments hit Jordan's Arab Bank 2015 profits

The bank said its total profits before tax and provisions topped $1.1 billion in 2015.

Abu Dhabi Commercial Bank Q4 net profit rises 16 pct

Two analysts polled by Reuters had forecast net profit for the quarter of 986 million dirhams and 1.12 billion dirhams respectively.

Gulf Bank Posts a 10% increase in Net Profit to KD 39 Million in 2015

The growth in deposits was 5%, increasing the total deposits at the bank to KD 4,563 million.

Lower revenues, higher provisions hit National Bank of Abu Dhabi profits

It is almost 70 percent owned by an Abu Dhabi state investment fund.

Sharjah Islamic Bank net profit rises by 9% and proposes 10 % cash dividend

The board of directors propose 10% cash dividend.

Bank Muscat Board proposes dividend for 2015

Bank Muscat has proposed 30 per cent dividend for the year 2015. Continuing the bank’s strong dividend payment track record

KIB reports KD 16.1 mln net profits for 2015

Moreover, the bank's assets rose to KD 127.5 million, an increase of 8% to reach KD 1.79 billion, compared to KD 1.66 billion during the end of last year.

Dubai Islamic Bank Q4 net profit rises 62.8 pct, raises dividend

This compares with a profit of 706.3 million dirhams in the corresponding period of 2014 and the forecast by an analyst at HSBC for the quarter of 915 million dirhams.

Mashreq declares Dh2.4b full year net profit

Bank attributes flat profit growth to softening of market conditions

UAB reports Dh166m net loss in 2015

Bank says steps taken to build a more efficient, lower-risk and sustainable operation

UNB reports Dh1.86b net profit, down 8% on higher impairments

Board recommends 20% dividend

Boubyan Bank logs KD 35.2 mln profit in 2015

Al-Fulaij also stated that the market share, in financing, increased to approximately 6.5% in the meantime, while the share of the retail finance increased to approximately 10%.

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