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

HSBC cut down SMEs service

The bank sent a letter to some of its SMEs business customers terminating the services it provides.

Mashreq confident of 100% rise in retail profit this year

This would not be difficult as the bank is expected to touch the figure of last year’s retail banking profit in its June figures, he explained.

'Euromoney' names Hapoalim 'best bank in Israel'

Bank Hapoalim has in recent years led the banking market in Israel

Bank AlJazira's Q2 net profit up 29% to SAR167m

The bank stated that the increase in the net income during the second quarter of 2013 compared with the same period in the previous year is mainly due to the growth in core banking activities and increase in operating income

Jordan Ahli Bank issues its 4th Corporate Responsibility Report

Jordan Ahli Bank recently issued the second edition of its Corporate Responsibility Report (CSR), reflecting its achievements in the operational year of 2012.

Saudi banks’ net profits forecast to hit new highs in 2013

Saudi banks are forecast to boost their net profits to the highest level in 2013 amid sharp recovery in domestic credit

BankDhofar voted best retail bank in Oman for 2013

BankDhofar is moving closer to its vision of being the best bank in the Gulf, as well as the best bank for its customers

Banque Saudi Fransi Q2 net profit up on lower costs

Banque Saudi Fransi, the lender part-owned by Credit Agricole, posted a 0.8 percent rise in its second-quarter net profit

Bank Sohar's CEO honoured with 'CEO of the Year 2013' Award from AIWA

Bank Sohar has been constantly striving to maintain and further enhance its position as one of Oman's leading banks.

Commercial Bank gets go-ahead for Alternatifbank deal

Commercial Bank of Qatar's acquisition of a 70.84% stake in Alternatifbank from Anadolu Endustri Holding has been approved by the Banking Regulation and Supervision Agency and the Capital Markets Board of Turkey.

Bank Sohar recognised as the Top Bank amongst Large Corporate Enterprises in Oman at AIWA Awards

Celebrating yet another remarkable achievement as Oman's fastest growing bank, Bank Sohar is proud to announce that it has been ranked as one of the top five large corporate enterprises in Oman

The Banker Middle East Magazine names Arab Bank as Best Bank in Jordan

Arab Bank was awarded the title of Best Bank in Jordan

UAE Exchange applies for banking licence in India

The move comes as the country opens up key economic sectors for foreign investors, as well as non-resident Indians

HSBC to close accounts of some UAE firms

HSBC has been conducting a review of all its businesses

NBK opens new branch in Abu Dhabi

NBK`s expansion strategy on track strengthened by our regional operations

Emirates NBD recognised at Middle East Call Centre Awards 2013

The award is an acknowledgment of the elaborate and highly efficient customer focused operations of the Emirates NBD call centres.

CBI recognized as 'The Most Improved Bank in MENA' and 'The Fastest Growing Bank in the UAE'

CBI's robust financial results have proven strong over the past 12 months. Strong capital adequacy, high liquidity and low advances to deposits ratios had enabled organic growth.

United Arab Bank wins Best Domestic Retail Bank honour

The award was received by Tom Smith, Executive Vice-President & Group Head of Retail Banking, during a ceremony held recently. The accolade is a testament to UAB's growing Retail client base across the UAE.

FGB recognised as ‘Best Bank in the UAE’ and ‘Best Bancassurance’ provider

First Gulf Bank (FGB), one of the major leading banks in the UAE, has been awarded the ‘Best Bank in the United Arab Emirates’ and ‘Best Bascassurance’ titles at the Banker Middle East Industry Awards 2013.

Bahrain's BBK opens 3rd branch in India

The bank offers personalised banking, equity broking and wealth management services