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

Ahli United Bank and KFH say merger talks 'still ongoing'

Parties appointed banks in July to undertake valuations for a deal

Jordan’s Arab Bank Group 9-month net profit rises 7 percent

Chairman Sabih al Masri said he expected the bank to continue to perform well due to its diversified operations and geographic spread across five continents that minimized risk.

FaceOf: Rania Nashar, CEO of Samba Financial Group

Rania Nashar is the first female chief executive of a listed Saudi commercial bank

IBQ 9-month net profit jumps 13% to QR487.5mn

All business segments generated a positive year-on-year total income performance, which contributed to the overall net profit increase and a significant improvement in cost income ratios.

Qatar’s bank deposits grow 2.5% in September - QCB

Total deposits amounted to QAR 817.85 billion ($226.78 billion) in September

Qatar banking assets rise 4% to hit QR1.4tn in September: QCB

The higher growth in credit to the private sector shows the resiliency in the overall economy outside the hydrocarbons even amidst the economic blockade and the increasing cost of credit

NBF’s nine-month net profit up 15.1% to Dh462.1m

Rise in volume of business resulted in higher margins

Qatar's Commercial Bank Q3 profit leaps on lower bad loan losses

The bank’s net impairment losses on loans and advances dropped to 188.7 million riyals in the quarter, down from 489.3 million riyals in the same period a year ago.

Kuwait Finance House third quarter net profit rises 31.4%, beating estimates

Sharia-compliant lender is in merger talks with Bahrain's Ahli United Bank

Burgan Bank Sponsors the First 'Awaken Festival' in Collaboration With en.v

The three-day Festival intends to support civil society organizations become more effective in addressing societal challenges, unite diverse community members to unleash the potential of everyone in Kuwait, ultimately contributing to a better future.

RAKBank Group’s nine-month net profits up 10.8 per cent

Growth in net interest income and lower impairments support higher profitability

First Abu Dhabi Bank to start commercial banking in Saudi Arabia this year

FAB is the latest foreign bank attracted by openings in Saudi Arabia

Al-Baraka sweeps global awards

ABG and its four banking units received these awards for their prominent role in the Islamic banking sector

Saudi Arabia’s National Commercial Bank Q3 profit rises 10.2 pct

SICO Bahrain forecast NCB would make a quarterly profit of 2.46 billion riyals.

Commercial Bank’s nine-month net profit jumps 386%

By aligning itself with the economic objectives of the nation and providing a strong, stable and innovative financial institution to support Qatar’s economy, Commercial Bank is pleased to continue to be a part of Qatar’s growth story.

FAB's profit up 12% on loans, advances

FAB's 9-month operating income rose 1 per cent to of Dh14.6 billion as loans and advances went up 3 per cent sequentially and 8 per cent year-on-year to Dh354 billion, the Abu Dhabi based lender said in a statement.

National Bank of Bahrain seeks to buy shares in rival

Bahrain’s second-largest bank by market capitalisation mulls offer for shares in Bahrain Islamic Bank

Ahlibank net profit rises 3.8% to QR538mn in first 9 months

Ahlibank is now looking to build on the steady performance through investment in new technologies.

Bank of Sharjah’s nine-month net profits up 13%

Net operating income up 10 per cent to Dh538 million

ADCB profits rise 5% as impairment costs drop

Bank says ‘no certainty’ yet on possible merger with UNB or Al Hilal Bank

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