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

Here’s how regional banks can create a loyal customer base

Lenders should leverage the use of technology to understand customers’ needs and create a personalised journey for them, says IT firm Comarch

FAB fully digitises account opening process for UAE SMEs

Portal developed in collaboration with Ministry of Possibilities and TRAPortal developed in collaboration with Ministry of Possibilities and TRA

Dubai Islamic Bank completes Noor Bank integration in 283 days, well ahead of target date

Final phase saw transfer of banking relationships, with combined entity assets at Dh300b

First Abu Dhabi Bank to resume exclusive talks to buy Bank Audi Egypt

He added that the two banks had discussions early in the year and made progress on many points.

0% interest rate for new QNB credit card customers

This unique feature will be greatly beneficial to new credit card customers.

Doha Bank 'achieves continuation' of ISO20000 for IT service management

This emphasise the bank’s commitment to provide integrated operational and support processes that ensure management commitment, effective monitoring and continuous process improvement,” Group CEO Dr. R. Seetharaman said.

Emirates NBD builds cloud platform for Digital Transformation with Red Hat

To increase the speed and flexibility of IT delivery while controlling costs, it began an ambitious multimillion-dollar initiative to transform its end-to-end technology infrastructure and practices.

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

"SAMA" report indicates that 97% of newly signed mortgage loans were concluded through banks, while 3% of them through financing companies

UAE’s ADCB posts Q3 2020 net profit of Dhs1.3bn; down 3% y-on-y

It reported a nine-month net profit from January-September 2020 of Dhs2.802bn, down 33 per cent compared to Dhs4.196bn in the corresponding period last year

ADCB reported a net profit of $372mln in the quarter ended September 30

It reported 148 million dirhams in impairment charges related to troubled NMC Health, Finablr and associated firms.

National Bank of Fujairah posts 87% drop in net profit in first nine months of 2020

The bank’s operating expenses dipped by 15 per cent

Doha Bank celebrates 'PinkDay'

The Bank held an e-quiz related to Breast Cancer Awareness and gave away gift vouchers.

JCB in pact with Riyad Bank to expand in Saudi Arabia

The agreement with Tokyo-based JCB gives the national Saudi Vision 2030

FAB posts Q3 net profit up 4% at $680m

Following a resilient first, the bank delivered solid results in the third quarter of 2020

NBB reports $37.1m Q3 net profit

Operating income increased by 20.8% in the third quarter to BD33.7 million ($89.4 million) compared with BD27.9 million ($74 million) in the prior year period.

Ahli United Bank announces update on AUB Egypt acquisition

The Egyptian Financial Regulatory Authority (FRA) approved in September the purchase offer submitted by AUB Bahrain and Misr Strategia Investment (MSI) to acquire AUB Egypt.

UAE's biggest bank FAB posts 19% drop in Q3 net profit

Third-quarter net profit was $682mln

Arab Bank posts $215.2 million net profit in 9 months

The results also reflect the deterioration in the macroeconomic environment in the region and globally, the statement added, in addition to lower revenues because of the impact of the COVID-19 outbreak, lower market interest rates and weakening oil price

QDB launches "KHOTWA" programme to support retirees projects

The programme aims to train and develop retirees and teach them basic entrepreneurial skills

Saudi's Al Rajhi Bank reports 3% drop in third-quarter profit

The bank also attributed the decline in profits to a 39.9% increase in credit impairment charges to 465 million riyals.

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