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

BankDhofar awaits response from Bank Sohar on merger

BankDhofar Tuesday said it is waiting for a response on the proposed swap ratio from Bank Sohar to proceed with the merger plan.

BankDhofar bags prestigious awards

BankDhofar continues to constantly and consistently grow since its inception 24 years ago

HSBC Bank Oman claims two awards at the banker Middle East Oman Product Awards 2014

Following five weeks of voting and more than 12,000 votes, the 2014 awards saw nominees compete in 19 categories split into four segments.

Arab Banking Corp net profit rises 22%

Cost to income ratio improved to 46.7 percent from 54.8 percent mainly from revenue growth.

Bahrain’s Ithmaar recieves best bank branch award

Ithmaar Bank’s main branch won the coveted Best Branch Award for the first quarter of 2014.

Bahrain's Gulf Finance House Q2 net profit jumps 252 pct

This compares with a profit of $2.7 million in the year-earlier period.

Kuwait's Gatehouse looks to broaden Islamic revenue streams

The bank remains focused on real estate in Europe and the United States but wants to expand its investor base beyond Kuwait, its traditional source of funds, while generating more deals outside the British property market.

BMI Bank's operating income increases 6pc

The bank has made considerable progress in finalising operational aspects of its business combination with Al Salam Bank Bahrain, he added.

KHCB announce net profit of BHD 1.2 million for Q2 2014

During the second quarter, KHCB has delivered a solid performance

Emirates Islamic in bid to encourage digital banking platforms

Bank announces rewards for five customers with highest number of transactions in mobile or online banking space

Kuwait International Bank net profit reaches KD8.9m

Increases in fees and commission income by 29% and other income by 83% for the comparative period were also posted.

NBAD First to Select New NCR Branch Transformation Technology in the Middle East

NCR SelfServ 91 serves as first stage of retail network transformation

Khaleeji Commercial Bank Announces Second Quarter Financial Results

The Bank is continuing with its plans to expand by opening new branches and introducing exciting services and products that appeal to our customers.

LMC registers net profit of $2.10m

Total operating income for the quarter under review was $5.06m in comparison to $5.26m for the same period last year.

Bahrain's Ahli United Bank Q2 profit up 35.1 pct

The bank's net attributable profit for the three months to June 30 was $125.9 million, compared with $93.2 million in the corresponding period of 2013.

KSA bank deposits hit SR1.5 trillion in June

The huge deposits have reportedly helped the Saudi banks to increase their lending capacity and, eventually, led them to achieve record profits year after year reaching some SR 38bn by the end of last year.

CBK Posts Net Profit Of KD 13.2 Mln In H1

Total Assets Reach KD 4.0 Billion

Oman's ahlibank net profit jumps

While operating income has increased by 4 per cent to OMR25.3 million as compared to the same period last year, operating expenses were controlled at OMR 8.2 million resulting in a lower cost to income ratio of 32.3 per cent.

Bank Audi net profit reaches $190 million for H1 2014

At the MENA banking level deposit growth over the first five months of the year maintained last year's corresponding period level of circa $67.8 billion, loan growth reported a net improvement from $30.7 billion to $43.3 billion between the two perio

Cash-rich Gulf banks grab top spots in region's loan market

Cash-rich Gulf banks are grabbing a growing share of the region's loan market as they cut fees and ease terms, elbowing aside some of the foreign banks which used to dominate lending.

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