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

Barwa Bank Group’s net profit rises by 12.5% in second quarter

Barwa Bank Group remains steadfast on its mission to strengthen its position in Qatar’s financial sector.

Turkish banks see 38% rise in net profits at end of June

The ratio of nonperforming loans to total cash loans, the lower the better, stood at 4.25% in the same period, versus 4.57% a year ago.

Ahli Bank successfully completes new 5-year bond transaction raising $500m

He added that Ahlibank has created a successful benchmark in the international debt capital markets with the support from its Joint Bookrunner banks; Barclays, Mizuho Securities, QNB Capital and Standard Chartered Bank.

Boubyan Bank launches the first NFC-enabled vertical metal credit card

Celebrating Its 15th Anniversary

QNB rolls out ‘Awesome Double Rewards’ offer

The offer aligns with Qatar’s gradual lifting of the Covid-19 restrictions, as the bank is committed to continue presenting exclusive offers for its customers, while providing safe, secure, and fast payment solutions.

Natwest Markets, Banco Santander sell Saudi British Bank shares -term sheet

Citigroup and Goldman Sachs are handling the share sale

Emirates Digital Wallet’s digital cash platform imminent nationwide launch

UAE’s Digital Cash Platform enters its final round of testing

Saudi bank assets, customer deposits jump despite COVID-19

Relief measures for lenders also help stem decline in net profitability

First Abu Dhabi Bank to begin talks with Israeli banks

More financial institutions looking at partnership opportunities

Bank Muscat offers special home insurance plans from AXA Insurance

These plans, which can be easily purchased online, offer excellent protection against unexpected loss or damage to property and personal belongings.

Abu Dhabi Commercial Bank launches in Egypt

The bank has a clearly defined strategy to manage these risks, and to attract, develop and retain the best available talent from employees and motivate them to achieve the highest levels of performance in line with the bank’s strategic objectives.

Dubai banks see 5% higher assets in H1-20

The assets of Dubai's lenders grew by 11% in June 2020

First Abu Dhabi Bank plans to issue perpetual bonds as soon as September - sources

One of the sources said FAB, the largest bank in the United Arab Emirates, will likely issue $750mln in AT1 bonds

Ahlibank offers medium-term bonds worth $2bn

A five-year fixed rate USD Regulation-S senior unsecured offering will follow as early as Tuesday, subject to market conditions, according to a statement posted on the Qatar Stock Exchange website.

Bank Leumi, UAE bank, negotiating partnership amid normalization

Shmulik Arbel, an executive at Bank Leumi, said the collaboration might influence other countries to follow suit on normalization.

Bank Muscat holds its monthly draw for Asalah, Al Jawhar customers

The first part of the draw for July saw 35 lucky winners take home high-value prizes

Behind the Idea: Emirates NBD

Being known as one of the better banks in the region to work with by customer satisfaction scores, Emirates NBD realised that this is exactly the position which could further enhance customer satisfaction.

NBK-Bahrain announces $161.5mln first half net profit

As of end of June 2020, NBK-Bahrain’s total assets grew by 4.6pc y-o-y

Turkey’s state-run lenders more than double net profits in H1

The three banks’ deposits totaled TL 1.32 trillion as of the end of the first half, while loans provided by the banks amounted to TL 1.29 billion.

Bahrain's BBK exploring acquisition of Ithmaar Bank

The deal is still "in the preliminary discussions phase"

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