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

Emirates NBD expands KSA branch network

The bank has opened its first branch in Khobar.

New round of merger to create Dh415 billion bank

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank are in talks

Citi wins tender to buy Israeli government's Bank Leumi stake

Nearly 89 percent of Leumi trades on the Tel Aviv Stock Exchange.

ADCB confirms merger talks with UNB, Al Hilal Bank

Combined entity may have $113 billion in assets; if successful, a deal could be announced as early as this month, according to Bloomberg

Bank Nizwa partners with Axis Bank

“The Bank Nizwa international money transfer service appeals to individual and corporate clients alike. It offers complete security and reliability with competitive exchange rates,” said Khalid Al Kayed, CEO of Bank Nizwa.

Oman Arab Bank conducts induction course for new Omani staff at head office, branches

The induction was conducted at the bank’s head office in Ghubra and included two primary segments.

Barwa Bank, International Bank of Qatar ink merger agreement

The merger will combine the strength and presence of the two banks in retail and private banking sector.

Saudi trims gains; banks send Qatar 3.8 pct higher

Saudi market, which has added nearly 11 percent in the year-to-date

Bank Sohar closes $250m loan facility

The facility was raised as part of the bank’s comprehensive asset growth strategy

BLME first-half net profit jumps nearly 5 times

The balance sheet remained stable at around £1.1b

Israel’s Bank Leumi Eyes Growth as U.S Tax Probe Rankles Rivals

Leumi settled its investigation by paying a $400 million fine in December 2014—an amount that will likely pale in comparison to the penalties Israel’s two other large lenders will end up paying.

Kuwait- CBK's Al-Hashel among top 10 bank governors for '18 - report

"Our scorecards for this public finance leader's show who is maintaining control and moving forward, and who is struggling against slippery political or economic changes," Giarraputo quoted as saying.

Other UAE banks attract attention as Emirates NBD extends falls

Shares Emirates NBD, which has a weightage of more than 7% on the index, have shed 15% in the past eight sessions

SMEs can flourish with sound financial advice: National Bank of Fujairah

The ease of doing business and competitiveness are two of the leading characteristics that set the UAE apart from other markets

Bank ABC posts $113m H1 net profit

Ratio of non-performing loans to gross loans was at 3.9% compared to 2017 year-end levels of 3.5%, and normalises to 3.0%, when legacy fully provided loans are adjusted for.

Emirates Investment Bank Q2 net profit surges 33%

The bank’s net profit for the first half (H1) of 2018 was up 5.6%

Doha Bank wins ‘Most Outstanding Business Bank 2018’ in Qatar award

This year has been rewarding for us as our efforts continue to be recognised by top institutions.

GIB on track to become local bank in Saudi

On the date of establishment of a subsidiary, following all necessary regulatory approvals, current GIB branches (Dhahran, Riyadh and Jeddah) would become branches of GIB KSA.

NBK – Egypt H1 net profit surges 36pc

While customer loans and advances reached EGP38.39 billion as of end 1H2018, growing at 13.20 per cent year-on-year, compared to EGP33.91 billion for the end of December 2017.

Turkish banks extend project finance loans to foreign lenders

Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans.

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