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

The lender affirmed, its total deposits saw a boost to hit USD34.3 billion from the USD33.8 billion seen a year earlier.

“These results highlight the resilience of IBQ and the strength of its Qatar focused business model.

Emirates Development Bank has announced the launch of the new Credit Guarantee Scheme

Latest numbers show merger benefits accruing across operations, including on expenses

Improved interest income and lower provisions boost earnings

Riyad Bank announced a 38.6 percent rise in Q4 profit, says result due to fall in provisions and cost of deposits

"FAB’s second year of operations witnessed a number of major successes.

The Sports Committee of Burgan Bank congratulated the team on the incredible win and wished them further achievements in upcoming championships.

Bank also saw a decrease of Dh131.8 million in provisions for impairment in loans

Subdued growth, deposit squeeze is forcing Gulf banks to merge

Board has recommended a cash dividend of Dh0.46 per share

Deal to deliver cost synergies worth Dh615m, generate additional value for shareholders

Emirates NBD – Egypt is recognized for being a pioneer in providing innovative banking and digital services to the market.

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank collectively have nearly $115 billion in assets

For the Q4 of 2018, the bank’s net profit increased 29.3% to $39.9mln

‘We achieved 80% growth rate in financing SMEs, 95% in micro funding, 60% in financing large companies in 2018’: Fayed

The three lenders announced in September plans for a three-way tie-up

Pakistan continues to struggle with balance of payments problems, and is currently negotiating support from the International Monetary Fund.

With more financial transactions in the Gulf being conducted online and away from physical branches, a cashless way of life is close.

Lower costs, improved interest income and lower impairment boost profits