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

Bank Audi Consolidated Activity Highlights as at End-December 2014

Within this context, Bank Audi's performance in 2014 confirms the suitability of the Group's diversification strategy

HSBC Bank Oman announces its results for the year ended 31 December 2014

Looking ahead, HSBC Bank Oman remains committed to delivering the very best experience for its customers at all times

Union National Bank announces profit of AED 2,021 million, up by 16 per cent

Union National Bank (UNB, reported another year of record profit with the UNB Group profit being AED 2,021 million for the fiscal 2014 (2013: AED 1,748 million)

Gulf Bank Q4 net profit climbs 10.7 pct, proposes stock dividend

The bank added its board proposed a stock dividend of 5 free shares for every 100 held for 2014.

Gulf Bank Posts a 10% increase in Net Profit to KD 35.5 Million in 2014

Operating Profit reaches KD 106.8 Million.

Results point to a challenging year ahead for Saudi banks

Preliminary results of Saudi banks showed that the profits of the listed banks grew by about 10 per cent to hit 40.2 billion riyals by the end of 2014, compared to 36.6 billion riyals in 2013.

al khaliji reports 2014 net profit of QAR 563 million

al khaliji (KCBK), in Qatar, released its consolidated financial statements for the year ended 31 December 2014 showing a Net profit of QAR 562.9 million for 2014, up from QAR 550.9 million in 2013

RakBank – AED 1,454 million net profit, a 1.3 per cent increase

RAKBANK today announced AED 1,454.6 million in net profit for the year 2014.

Net Profit Up 6.2 Percent To KD 37.6 Mn

Such recommendation shall be subject to the approval of the ABK General Assembly Meeting and the competent regulatory authorities.

Retail-focused Rakbank doubles down on loan growth

Rakbank expects its loan book to have grown at twice the rate of its peers last year, helped by higher-yielding loans to small businesses and individuals.

Dubai Islamic Bank Q4 2014 net profit rises 64.1 pct

The bank did not provide a breakdown of its fourth quarter earnings, so Reuters calculated the figure based on the full year earnings figure.

Abu Dhabi Commercial Bank Q4 Net Profit Jumps 29%

The bank made a net profit of Dhs1.02 billion in the fourth quarter of 2014

Dubai’s Deyaar Q4 Net Profit Falls 43%

The company's 2014 annual profit was Dhs231.7 million, up from Dhs154.5 million in 2013.

Dubai’s Nakheel 2014 Net Profit Jumps 43.2% Despite Revenue Slump

The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013

NBB registers record profit of $142 million

National Bank of Bahrain (NBB) yesterday reported a four per cent rise in net profit to BD53.44 million ($142.12m) for last year, compared with BD51.36m in 2013.

Doha Bank registers QR1.35bn full year profit

This is another outstanding result and is clear demonstration that Doha Bank continues to perform consistently

National Bank of Fujairah PJSC caps off a successful 2014

National Bank of Fujairah PJSC is pleased to announce its results for the year ended 31 December 2014, which have been submitted to the Central Bank of the UAE for approval.

UAB Reports Record Net Profit of AED 605m

Customer Loans and Advances increased 17% to AED17.9bn

Kuwait's NBK Q4 profit jumps even without Qatar stake sale income

Results don't include profit from Qatari bank sale

Boubyan Bank Profits More Than Doubled To Reach KD 28.2 Million in 2014, Growing by 111%

Al-Fulaij went on to state that the indicators showed that the Bank witnessed a remarkable growth during 2014

Wealth & Asset Management