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

NBAD CEO Alex Thursby won't be part of merged banks' leadership

Thursby was appointed Group CEO of NBAD on July 1, 2013, joining the lender from ANZ Bank where he was CEO of International and Institutional Banking.

United National Bank To Provide Mortgage For Misr Italia Clients

The new protocol grants Misr Italia clients unprecedented financing privileges, it includes various packages that satisfy all the client's needs with long payment period, low interest rates and monthly facilitated installments.

NBAD profits fall 8% to Dh2.65b

This set of results strengthens the rationale of the proposed merger with FGB that was announced earlier this month.

National Bank of Abu Dhabi Q2 net profit dips 4.8 pct, meets forecasts

This compared to 1.45 billion dirhams in the same period a year earlier, while the average forecast of four analysts polled by Reuters was for a net profit in the quarter of 1.32 billion dirhams.

FGB Second Quarter Group Revenue up 3%

Comfortable liquidity position well within regulatory requirements: Advances to Stable Resources Ratio at 91.5% and Liquidity Coverage Ratio above 70%

Burgan Bank wins four awards at the Asian Banking & Finance Awards Ceremony 2016

Burgan Bank has one of the largest regional branch networks across Kuwait, Turkey, Algeria, Iraq, Tunisia

Gulf Bank posts an 11% increase in Net Profit in H1 2016

The bank successfully completed the issuance of KD 100 million in Tier 2 capital in May 2016, pushing its Capital Adequacy Ratio under Basel III to 18.3% against the minimum regulatory requirement of 14.0%.

HSBC says in talks to sell Lebanese business to Lebanon's Blom Bank

The bank employs around 200 people in Lebanon.

Emirates NBD bags Best Customer Experience - Banking at 2016 CXFS Asia Awards

Emirates NBD's strategic focus on offering an enhanced customer experience in recent few years has significantly contributed to the massive growth of the bank.

The Best Arab Co-Branded Credit Card award in the Arab world for LGB BANK

Commenting on the occasion, the Vice Chairman CEO of LGB BANK

Commercial Bank announces net profit down 65 per cent for Q2 2016

The Commercial Bank Q.S.C. and its subsidiaries and associates announced today its financial results for six months to 30 June 2016.

Ahlibank earns net profit of QR332.7mn in 1st half

The bank’s cost to income ratio was contained at 31.2% for the first half of this year.

GCC debt market seen staying steady

Appetite for GCC debt is expected to remain healthy, though it may be dampened by external risk factors.

Qatar's CBQ posts big drop in Q2 net profit

The Gulf Arab state's third-largest lender by assets earned a net profit attributable to equity holders of 212.3 million riyals in the three months to June 30, it said in a statement.

ADCB profit up 10% to Dh1.12b in Q2

The second biggest lender by assets in Abu Dhabi reported a net profit of Dh1.126 billion, up 10 per cent in April-June quarter 2016.

NBAD and FGB go full throttle with merger

The proposed merger will create a bank with the financial strength, expertise, and global network that is expected to support the UAE's economic ambitions both locally and globally.

Commercial Bank signs GCC’s first $166mn 3-year Ninja loan facility

Seven financial institutions have participated in the transaction.

Gulf Bank Wins IFM 2016 Awards

Upon winning the awards, César González-Bueno, Chief Executive Officer, Gulf Bank, said, "We are very proud to receive these two prestigious awards

Qatar’s Commercial Bank Gets $166m International Loan

Seven lenders participated in the deal, with Mizuho Bank acting as sole co-ordinator, sole bookrunner and mandated lead arranger.

Slower lending takes toll on Union National Bank

The Group’s balance sheet continues to remain strong, coupled with adequate liquidity and capital buffers as the region continues to adjust to an environment of lower oil prices.

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