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

Arab Bank Group ups net profit by 13% in 9 months

Customer deposits grew to $32.4 billion

UAE's First Gulf Bank Q3 net profit rises 15 pct

The lender, majority-owned by Abu Dhabi's ruling family

Audi Bank nine-month net profit up 14%

The Lebanese economy has reported a sluggish performance in the first nine months of 2012

United Arab Bank announces record profits

UAB has announced a record net profit of Dhs298m for the nine months ended 30 September 2012, an increase of 32% over the same period of 2011 and the highest net profit ever for UAB in the first nine months of the year.

CBD's third quarter net profit increased by 4.5%

He added:"During the year, the bank embarked on new strategic growth initiatives to broaden our revenue streams and we remain confident that these will further enhance our operating returns in the future."

ahlibank profit up 27 per cent

The bank reported an impressive third quarter results, achieving a year-to-date net profit of RO17 million and demonstrating continued growth in the bank's core operations.

NBK's net profit reaches $814.4 million in 9 months

As of end of September 2012, NBK Group's total assets reached $ 58.1 billion

Union Bank of India to open DIFC branch

D. Sarkar, the bank’s chairman and managing director, said the DIFC branch — the bank’s second overseas

Arab Banks' profits set to increase

Bahrain's banks' performance as "outstanding" compared to other Arab banks

HDFC Bank to double customer base in UAE

"The UAE is an important global business centre and this initiative reflects our commitment to bring world-class banking services to the doorstep of the Indian community in the region," the group head for said.

UAE, Morocco banks bid for BNP's Egypt retail arm

The sale is expected to generate as much as $500 million (309 million pounds) for the French lender, said one banking source speaking on condition of anonymity as the matter is not public.

Mashreq launches new banking service at the speed of life

Today, Mashreq has achieved another milestone by launching a new banking service called 'Mashreq GO' - first bank in the UAE to offer 'Instant Banking services'.

Turkish İs Bankası to buy bank in Azerbaijan

Today, of the 43 banks operating in Azerbaijan, 23 operate with the participation of foreign capital. In seven of them the share of foreign capital ranges from 50 to 100%, in 14 banks - up to 50%.

Bank Muscat named best retail banker of year in Asia

"The bank draws on its expertise to provide customers with the best banking products and services."

UAE is number one overseas territory for Bank of Baroda

Present in UAE since 1974, Bank of Baroda is the only Indian bank to offer full fledged banking services through six branches, eight EBSUs and 32 ATMs.

Emirates NBD opens Beijing office ‎

The opening ceremony was attended by senior government officials from China and the UAE, business leaders, industry decision-makers and media.

Bank of Baroda opens fourth branch in Oman

Outlets planned in Nizwa and Duqum

Saudi- Bank Aljazira wins top award

Bank Aljazira has confirmed its position among the leading banks not only in Saudi Arabia but in the Middle East as well.

Arab Bank CEO Plans Return to Libya as Uprising Forces Exit

Arab Bank, Jordan’s largest lender, is seeking to regain access to its Al Wahda bank unit in Libya after last year’s uprising forced it to exit the country.

NBAD opens 30th branch in Egypt

The new NBAD office is located in Al Kawthar area, the main banking district in Hurghada, the leading city on the Red Sea coast and a popular touristic and investment destination.

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