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

Warba Bank Realizes Profit in the First Half of 2018

Bringing about Breakthrough in Islamic banking industry, Warba's Financing Solutions Meet Business Environment Ambitions

Israel's Mizrahi, Union Bank to appeal anti-trust ruling on merger

The Bank of Israel, the country’s banking regulator, has been a longstanding supporter of the proposed deal.

NBF eyes higher profitability with improving business conditions

Efficient management of liquidity and effective pricing bolster margins and return on capital for the lender

Merger may boost new bank's market share

“The merger will certainly boost the credit market share of the two banks,” he said. “Also, the banks would have a wider integrated network. A lot will depend on the efficiency of operations after the merger.”

AUB wins ‘Most Innovative Strategic Domestic Treasury in Kuwait 2018’ award

This award further cements our continued innovation in delivering Treasury solutions for our customers.

Emirates NBD KSA, Kafalah Program renew partnership

Following the renewal of the Kafalah Program partnership, it will include SMEs with revenues up to SR200 million providing banks with guarantees up to SR15 million.

Commercial Bank beefs up cybersecurity defences

As threats become more complex and data more ubiquitous, financial institutions are faced with several challenges in protecting information assets considering the need to provide employees, customers and partners access to data, Ganom explained.

NBK-Bahrain Reports Net Profits of BHD 55 Million

Customer deposits increased by 24 % y-o-y to BHD 3.244 billion (equivalent to KD 2.609 billion) compared with BHD 2.611 billion (equivalent to KD 2.100 billion) for the same period of previous year.

Kuwait Finance House, Bahrain’s Ahli United Bank Merger To Result In New Bank With $92 Billion Assets

The total value of mergers and acquisitions (M&A) rose by 62% in the Middle East during the first six months of 2018

QFB announces half year financials results

Given these conditions QFB recorded a net loss of QR354m during the first half of 2018.

Bank Sohar Q2 net profit surges 21pc to $36m

Net operating income also increased by 21.91 per cent from RO18.206 million in the first six months of 2017 to RO22.195 million by the end of Q2 in 2018.

Bank Dhofar and National Bank of Oman in talks for latest GCC banking merger

Boards of the two Omani lenders have agreed to explore potential merger to create bank with $20bn in combined assets

ABK Posts 18 Pct Rise in H1 Net Profit

Capital adequacy ratio was robust at 16.30 percent, well in excess of regulatory requirements and earnings per share was at 12 fils compared to 10 fils in 2017.

$136bn bank debt lent to UAE and Saudi real estate sectors in 2017

The report continues: “Debt is an integral part of real estate investment and development, and the Middle East is no different, albeit the quantum is lower than most developed markets.

Abu Dhabi Commercial Bank Q2 profit up 12 percent

It is the second major Abu Dhabi bank to report earnings after First Abu Dhabi Bank, which earlier this week posted a 19 percent rise in second-quarter profit.

Saudi British Bank posts half-year net profit of $640m

Saudi affiliate of global banking giant HSBC says profits rose by over 14% during first half of 2018

RAKBank reports flat second quarter net profit as impairments climb

Going forward, the lender's executive management will focus on cost optimisation and improving efficiency

AUB announces KD 29.0 million net profit for first half of 2018

Operating profits grew to KD 63.9 million in H1

FAB profit up 10% in H1 at Dh6.1b

Abdulhamid Saeed, group chief executive officer of FAB, said FAB has built on the positive momentum generated at the start of the year to deliver another strong set of results in the second quarter.

AUB reports KD 29.0 million net profit for H1, 2018

Bank’s operating profits grow by 13.7 pct

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