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

The boards will meet on Jan. 24 to consider the studies by HSBC Holdings Plc and Credit Suisse Group AG, the lenders said in separate statements.

The merger will create the kingdom's third largest bank

Kuwait Finance House and Bahrain's Ahli United Bank would create the Gulf's sixth biggest bank

Total deposits in Qatar’s commercial banks registered a marginal 1.02% year-on-year decline to QR794.08bn in November 2018.

Mashreq CEO, Abdul Aziz Al Ghurair, says 2018 'was a difficult year' due to market fluctuations

Consumers can benefit from rising rates being applied to accounts in the UAE

Results are a culmination of better balance sheet management, focusing on improving margins, containing cost of funding etc

“This year’s ratings were based on performance during the period from the fourth quarter of 2016 through the third quarter of 2017.

Net fee and commission income was QR189mn, registering an increase of 4% over last year, the bank said.

Shares in Samba retreated on Sunday, following a rally on Thursday when the company reported higher yearly earnings

Trade Bank of Iraq awarded the ‘Best Retail Bank’ and ‘Best Priority Bank’ in Iraq in 2018

Global Finance has selected best trade finance banks in around 50 countries

Riyad Bank is working with Goldman Sachs Group Inc.

Boubyan Bank growth rate of 18% compared to the previous year

AED 10 billion Net Profit up 20% y-o-y on higher income

The state-controlled lender recommended a dividend of 40 fils a share, unchanged from a year ago.

The country's largest lender reported a 15 per cent rise in annual profit boosted by increased spending on infrastructure

Bank mergers to increase pricing power and stem increase in funding costs

FAB is the first issuer in the Gulf to tap the international sukuk market this year

Defaults are likely to increase in property and SME business