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

The initiative attracted many international investment banks and local investors

It also paves the path for further promising applications to make the customer’s banking experience even more personalised and unique.

Qatar banking sector loan provisions to gross loans stood at 3.8% in June 2023

CBI reported a net profit increase from Dhs55m in H1 2022 to Dhs79m in H1 2023

Cash deposits with the Central Bank amounted to Dh69.52 billion

The Group’s strong performance was driven by robust growth in its core banking business across different markets

The bank reported strong growth numbers as its retail and corporate businesses reflected growth and diversification in business

Unwavering appetite for borrowing has further strengthened the position of UAE banks

SAB’s H1 2023 profit before zakat and tax is recorded at SAR3,991 million, up 61% from H1 2022

Quarterly profit of AED 6.2 billion is highest ever

The bank acquired a total of 116 new merchants in the first three months from launch.

Earnings per share for the first half of 2023 reached 22.03 fils

Kingdom's largest lender reports $2.26 billion in operating income during the three month period

QIIB posted a net profit of QR615m with a growth rate of 7.7 percent compared to the same period of 2022, while earnings per share reached QR0.41.

Growth in net profit is a result of improved net interest income and lower provision charges

Net income from financing and investment products was up 22 per cent at Dh716.7 million

The lender registered clients’ deposits valued at $28.34mln during the first six months of 2023, an annual growth of 19.28%

Diluted earnings per share from continuing operations was BHD 0.01 compared to BHD 0.009 a year ago.

The bank’s board approves 11.5% dividend payout for H1 2023

Q2 net profit of AED 1.932bln, up 23%