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

Banking Studies Institute issues its report on GCC banks

Report included an analysis of data of 52 main conventional banks and 20 Islamic Shariah-compliant banking institutions in the GCC countries

Tough time for foreign banks in Kuwait

Banking sources said that the majority of foreign banks in Kuwait have had little success since the first HSBC branch bank opened in 2005.

EIB’s consumer finance offers  new promotion

The special offers have been devised to facilitate new entrants to the UAE or new-to-Job employees to meet their financial commitments and settle into the new environment.

Al Watany profit up 20pc at $26.59m

Total assets reached EP17.4 billion, up 5.5 per cent year-on-year. ROA increased to 1.86 per cent compared with 1.70 per cent at the end of June 2011, and ROE increased to 20.1 per cent from 17.36 per cent.

Omani investor takes 25 pct in Bulgaria Investbank

The bank’s success can be attributed to a new strategy it implemented last year based on five pillars, Finansbank General Manager Temel Güzeloğlu said in an announcement following the results release.

Dubai's bank offers finance to people new to the UAE

Emirates Islamic Bank (EIB), the Islamic banking arm of Emirates NBD Group, a leading financial services organisation in the region, announced today, the launch of a banking package for new entrants to the UAE.

BNP to seek initial bids for Egyptian retail arm sale: sources

The lender operates nearly 70 branches in the North African country where political unrest last year toppled the regime of former president Hosni Mubarak.

Barclays supports and facilitates special education at the Dubai Autism Center

Barclays is committed to investing in the communities in which it operates.

Lowest Saudi bad loans since 2009 default

Banks lending at the fastest pace in more than three years

Standard Chartered Gets Antitrust Nod to Buy Agricole Unit

Standard Chartered was allowed to buy the whole of Credit Agricole Yatirim Bankasi Turk AS from its Montrouge, France- based parent, the Ankara-based regulator said on its website today.

SHUAA Capital Reports Q2 2012 Financial Results

SHUAA Capital has reported results for the second quarter and first half 2012.

Commercial Bank of Kuwait Q2 net profit drops 5.4 pct ‎

"The bank continues a prudent policy towards building up a strong provision base and consolidating its balance sheet. Further progress is noted on the bank's review of processes for efficiencies and preparation to benefit from any growth opportu

Ajman Bank's HY net profit soars by 250%

The second quarter profit also rose by 60% compared to the profit of Dhs4.5m recorded during the first quarter of 2012.

RAKBANK expands its network of branches

Some of the many products and services offered to retail customers at the new branch include account opening, deposits, investment options, prepaid cards, a suite of credit cards and personal, auto and mortgage loans.

Burgan Bank posts profit

Burgan Bank has four majority owned subsidiaries: Gulf Bank Algeria - AGB (Algeria), Bank of Baghdad - BOB (Iraq), Jordan Kuwait Bank - JKB (Jordan) and Tunis International Bank - TIB (Tunisia), (collectively known as the "Burgan Bank Group").

Gulf Bank’s Excellent Retail Financial Services Awarded

The awards ceremony was held on 23 March at the Marina Bay Sands hotel in Singapore.

Turkey's Denizbank Q2 net profit down 4.4 pct

The bank said its loans were up 8.9 percent year-on-year in the same period to 24.4 billion lira and its net interest income rose 38.2 percent to 533.1 million lira.

Euro banking giant eyes MidEast opportunities

It is the largest bank by market capitalisation in the euro zone and the largest financial franchise in Latin America.

Abu Dhabi's Union National Bank Q2 net profit up 9.7 pct

Analysts forecast average profit of 426.75 million dirhams, in a Reuters poll.

3 Jordanian banks report higher profits

The bank's profit before tax amounted to JD33.8 million. Cairo Amman Bank also announced that net profit increased to JD24.1 million during the first half of 2012 compared with JD23.4 million during the first six months of last year.

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