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

More foreign lenders are expected to enter Turkey’s lucrative banking market

A crisis-tested financial system along with a sturdy and profitable banking sector has introduced many new lenders into Turkey in recent years

United Arab Bank - Financial Strength Rating is raised; other ratings are affirmed

Capital Intelligence (CI) has announced that it has raised the Financial Strength Rating (FSR) of the UAE's United Arab Bank (UAB) to 'BBB+' from 'BBB', with the Bank's rising loan-loss reserve (LLR) coverage ratio and contin

GIB launches Saudi retail banking service

Bahrain-based conventional wholesale institution Gulf International Bank has launched retail banking services in Saudi Arabia under the brandname, "Meem".

Arab National Bank posts 400m net profit in H1

Profits of the second quarter of 2014 reached 209.4 million compared to 191.5 million for the same period last year.

Kuwait’s CBK gets approval to raise up to 120m dinars via bonds

The bonds will comply with Basel-III rules

Bahrain Association of Banks publishes The Handbook of Retail Banking

The Bahrain Association of Banks has published The Handbook of Retail Banking, a guide to the retail banking industry in Bahrain.

GIB launches trial phase of retail banking services

In developing its retail services for specific customers, GIB adopted the co-creation concept with a large target customer base

Qatar National Bank Q2 net profit edges up, beats estimates

Qatar National Bank, the largest lender in the Gulf Arab region, reported a small increase in second quarter net profit on Tuesday

Abu Dhabi Finance move to the New Office & Wins the "Best Retail Finance Company at the Banker Middle East Industry Awards 2014

It is a very great honour for us to win 'Best Retail Finance Company

BBK wins best retail Bank Bahrain 2014

The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry

3 CPI Financial awards for Bank Sohar

All three awards were handed over to the bank by Adam Broom, CEO of CPI Financial, at an event held at the bank’s premises on June 30.

Saudi Hollandi Bank Q2 net profit jumps 28.1 pct on higher income

It cited higher operating income - which increased 17 percent year-on-year to 811.2 million riyals - for the increase in net profit without elaborating.

BIT and NECB banks merge

A statement by the two banks said that they signed an understanding but this agreement still needs the final approval of the Central Bank.

Qatar's CBQ to buy out public shares, then delist Turkey's Alternatifbank

These publicly owned shares will be bought for the average market share price over the last 30 days

Standard Chartered to expand banking services in Jordan, says CEO

Many large corporations that are owned by Jordanians and have business activities in the region and the world, prefer to bank with an International bank such as Standard Chartered.

Union National Bank wins Two Awards at the 2014 Banker Middle East Product Awards Best Car Loan and Best Personal Loan

The UNB Auto loan offers customers a unique benefit on their car loan

Capital Intelligence affirms ratings on FGB

FGB's good Q1 2014 results underpin the 'Stable' Outlook assigned to the rating. The Bank's Foreign Currency Ratings are maintained at 'A+' Long-Term and 'A1' Short-Term, with a 'Stable' Outlook.

Barclays’ expanding Dubai office is a ‘fun’ place to work

Barclays corporate bank in the UAE will add another 10% to its headcount in 2014

ADIB aims to keep Barclays customers in the fold

The retail clients were notified of the changes and were given 90 days to opt out of the integration

Bank AlJazira wins the Best Real Estate Financing award

Mr. Khalid Al Othman, SVP and Head of Retail Banking Group at Bank AlJazira