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

Saudi National Bank reports 11% rise in 2021 income amid continued economic recovery

The kingdom's largest lender said net profit climbed to about $3.4 billion

RAKBANK profit rises to $206mln in 2021

Profits are up by 50 percent on 2020

Turkish banking sector records USD7B in net profit

As per the liabilities part, deposits held at lenders in the country which are the biggest liabilities item

QNB continues to be most valuable banking brand in region

“This continuous success would not have been achieved without our seamless effort to enhance the Bank’s identity supported by its brand growth, in addition to providing our customers with the most innovative products and developing our digital

Kuwait Credit Bank weighs issue of $3.30bln of bonds amid liquidity crunch

No decision has been made and KCB is also considering issuing sukuk or taking bank loans to fund a longstanding lack of liquidity amid ballooning demand for its interest-free home loans

ADCB quarterly net profit up 44%

Full-year net profit also rose 38%

Mashreq Bank is latest UAE bank to confirm a Dh1b profit for 2021

Mashreq builds on gains from core categories as well as a drop in impairment costs

National Bank of Fujairah launches new account for SMEs, startups

The solution aims to extend the benefits of digital banking solutions to entrepreneurs

Doha Bank signs MoU with Karty to empower financial entrepreneurship, innovation in Qatar

With the support of major public and private sector players in Qatar, including the Qatar Financial Centre (QFC), Qatar Science and Technology Park (QSTP), and the Digital Incubation Centre (DIC), the startup is now extending its fintech expertise to the

Jordan's Arab Bank records 61% surge in 2021 profit

A rise in net interest income drove profitability despite pandemic-driven uncertainties

UAE largest bank achieves record profit

The bank said its net profit rose 34 per cent to $2.5 billion, from $1.9 billion in 2020.

Arab Bank Group net profit up 61% to $314.5m

The consolidation of Oman Arab Bank has materially increased customer deposits and loans by $7.3 billion and $7.5 billion, respectively, it said.

Bahrain's Al Salam Bank agrees to acquire Ithmaar's retail banking business

Transaction to position bank as largest Islamic lender in Gulf state

The Saudi Central: Electronic payments to individuals exceed the target

On the other hand, corporate payments in the corporate sector have experienced significant growth

Turkish central bank doubles 2022 inflation forecast to 23%

The bank also forecast 8.2% inflation for the end of 2023 and a return to its official target of 5% a year later.

Dubai largest bank say net profits jumped in 2021 as economy rebounded

"Emirates NBD continued financing the real economy and was rewarded as economic growth rebounded, helped by government economic stimulus packages."

First Abu Dhabi Bank's full-year net profit jumps 19% to $3.4bln

Earnings driven by economic recovery, positive momentum in core businesses

QNB named as most valuable brand in Qatar

Despite the challenges posed by COVID-19 pandemic, QNB has continued on its impressive growth trajectory. It has posted net profit of QR13.2bn ($3.6bn) for the year ended December 31, 2021.

Qatar banks' total assets increase 8.6% to QR1.827tn in 2021: QNB Financial Services

Deposits gain last month was mainly due to an increase in public sector deposits by 1.9%.

Emirates NBD's 2021 profit up 34%, says in better shape for higher rates

Emirates NBD posted a net profit of $2.53bln in 2021

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