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

Lebanon 2019 bank deposits seen growing a `conservative' $7-$8 bln-banker

We are in a wait-and-see mode

National Bank of Bahrain expects double-digit loan growth in 2019 – CEO

NBB, the second largest Bahraini bank by market capitalisation, said this week it had put on hold its plan to acquire additional shares in Bahrain Islamic Bank.

Purchase of Leumi Card completed by Warburg Pincus

The fund has chosen leading strategic partners for the deal: Menorah Mivtachim, Clal Insurance & Finance and Allied Group

First Abu Dhabi Bank plans to issue $2-$4b in bonds in 2019-CFO

Bank expects high single-digit loan growth in 2019

Bahrain's Bank ABC aims to expand footprint in Mena with acquisitions

The lender is 'well capitalised' and capable of funding acquisitions from its own balance sheet, deputy group CEO says

Saudi Arabia’s central bank governor ‘does not see more bank mergers’

Kholifey says he doesn't expect there to be any deflation

Emirates NBD Group recognised at Gulf Customer Experience Awards

Bank wins four awards, recognised for transformational efforts towards customer service excellence

QIB lays strong foundation for digital banking lead: Sheikh Jassim

At the ordinary annual general meeting, QIB shareholders approved the board of directors’ proposal to distribute 50% cash dividends of the nominal value per share, which translates into QR5 per share.

BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business

iGTB is the transaction banking and technology specialist from Intellect Design Arena Limited, the fastest growing B2B Fintech product company with CAGR of 21% over three years.

Emirates NBD approval for debt, equity funding renewed

General assembly also approves directors’ report and 40% cash dividend

Burgan Bank reports record profits of KD 82.6m in FY 2018, growth of 26.6%

Burgan’s Board of Directors has proposed a cash dividend of 12 fils per share and 5 percent bonus shares, subject to shareholders’ approval at Burgan’s Annual General Meeting.

Ahli United Bank reports a 12.7% surge in 2018 net profit

Net profit attributable to owners of the bank to $697million.

UAE bank assets rise 1.2% in January: Central Bank

Lenders’ assets grew to AED 2.913 trillion in January

Ithmaar Holding reports net profit of $10.06m for 2018

IB Capital acquires an additional stake in Solidarity Group Holding Capital

UAE's Emirates Development Bank hires arrangers for dollar bond

Emirates NBD Capital has been appointed as the financial adviser and, together with Standard Chartered, as joint global coordinators.

StanChart, BNP Among Banks Likely to Be Added to Saudi Aramco Bond

Saudi Aramco to add about dozen banks to list of bond managers

Global Finance awarded NBK ‘Best Private Banking Services’ in Kuwait

Khalife: Award reflects the constant confidence the customers vest in NBK

National Bank of Fujairah cements leading status as best employer brand with wins at the Gulf Employee Experience Awards and Tawdheef 2019

NBF scoops awards for the Overall Experience, Employee Engagement & Happiness, Employee Insight & HR Metrics and Best Emiratisation Initiative of the Year

Emirates NBD ranked UAE’s top banking brand with a value of US$4.04 billion

In addition to its brand engagement, Emirates NBD delivered a record set of results in 2018 net profit up 20% year-on-year to AED10 billion, underpinned by higher income and a lower cost of risk.

Riyadh bank's 'coffee shop' branch helps lure new customers

Alawwal managing director Soren Nikolajsen says the Ibda cafe bank branch in Riyadh's Nakheel Mall is 'by far' the most active of the bank's branches, with a higher proportion of young and female customers

Retail Banking