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

Gulf Bank reports KD 43m net profit for 2016

Non-performing loans (NPLs) declined to KD 93 million or 2.4 percent of total loans, levels that have not been seen since 2007.

ADCB’s fourth-quarter net profit falls 16%

ADCB’s net profit began declining last year due to an increase in money set

Abu Dhabi Commercial Bank Q4 profit drops 16% on impairments

The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1bn

Al Khaliji offers entrepreneurs the opportunity to finance and grow their SMEs

The market-leading initiative reaffirms al khaliji’s commitment to the diversification of the national economy as one of the main objectives of the National Development Strategy 2017

Jordan's Arab Bank group says 2016 net profit rose 20 percent

The bank's provisions coverage ratio for non-performing loans stood in excess of 100 percent.

Doha Bank wins ‘Best Commercial Bank Qatar 2016’ at IFM awards

The award is one that will herald the highest standards of innovation and performance of Doha Bank in Qatar.

Bank credit of conventional banks in Oman increases by 6.5%

Oman’s conventional banks have achieved a 6.5 per cent growth

HSBC Bank Oman reports profits up 31 per cent, names new chairman

Other operating income fell to OMR 0.6 million primarily due to the non-repeat of the gain on the disposal of legacy investments of OMR 4.6 million being booked in 2015.

Doha Bank wins “Best Commerical Bank, Qatar 2016 “at IFM Awards

This award also recognizes and honours Doha Bank for adding value to our customers and making a significant difference in Qatar.

Abu Dhabi Investment Council’s stake in ADCB rises after lender’s capital reduction

Government related entities withdraw funds to help fill a growing budget deficit

Banks Steal the Limelight on Biggest Firms Rankings

Bank Mellat raked in 240 trillion rials ($6.27 billion), being ranked as the third-largest firm in the country.

Al Khaliji’s 10 years mark continuous growth, strong financial indicators

The bank has sponsored and actively participated in some of the banking and finance sector’s leading conferences and forums in both Qatar and the region.

Doha Bank wins coveted award for CSR

The corporate competitiveness needs to be integrated with social development.

Qatar- Siam Commercial Bank seeks bids for insurance business

Whether it sells all or only part of the business depends on the offers it receives and who they are from, the people said.

Alawwal Bank reports 66 per cent rise in impairment charges and expenses

Alawwal Bank reports net profits for 2016 of SAR 1,064.73 million, down 47.35 per cent.

Banque Saudi Fransi annual net profits down 13 per cent

Banque Saudi Fransi has reported a 13.03 per cent fall in net profits for 2016 to SAR 3.51 billion.

ADCB wins Five Star Cash Manager Award by Euromoney

Concentrating mainly on clients concerns and needs to help provide up to par solutions steadily.

Saudi British Bank turns in 10 per cent drop in annual profits

Saudi British Bank has reported a 10.07 per cent fall in annual net profits to SAR 3.895 billion.

Qatar's Doha Bank Q4 net profit falls 85 pct

The bank did not provide reasons for the decline.

QNB denies reports that it is acquiring a loan from China

The QNB Group noted that it will, as usual, inform investors about any significant news concerning the Group.

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