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

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.

Saudi Arabia: Introducing mortgages

The new law was approved in early July but is not due to come into effect for another few months while the Saudi Arabian Monetary Authority (SAMA) – the Kingdom’s central bank – finalises its regulations covering mortgage financing.

Palestine Bank Comes To Dubai

BoP will launch its Dubai office in 2013 to serve 200,000 Palestinians.

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.

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