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

National Bank of Fujairah launches two innovative banking products tailored to SMEs

These financial offerings are set to support new and existing businesses to leverage growth opportunities

Commercial Bank launches Qatar's 'first of its kind' digitally secure service 'CBSafe ID'

Through 'CBSafe ID', Commercial Bank has created a way for customers to take back control when trying to validate if the caller is genuine and calling from the Bank.

Qatar completes first merger of two publicly listed banking giants; Masraf Al Rayan has QR182b in assets

Integration of operations of Al Khalij Commercial Bank will be done during 2022

Garanti BBVA corporate customers can nowo upload financial data via internet banking

Garanti BBVA offers its corporate customers the opportunity to upload their financial data such as layout, temporary tax returns and corporate tax returns

Burgan Bank announces successful completion of its capital increase

With subscription levels of 220%+

Dukhan Bank reports QR900m net profit for Q3

The bank’s total equity soared to QR13.7bn from QR11.5bn at end of December 2020 whereas the total capital adequacy ratio stands at 18.3 percent as of 30 September 2021

GCC banking sector net profits show increase; hit $9.4bn in Q3

Out of the 60 banks that reported earnings during the quarter 19 banks reported a q-o-q drop in net profits during Q3-2021 while in terms of y-o-y growth, nine banks reported a decline.

QNB receives ‘Best Transaction Bank in Middle East & Africa’ Award by The Asian Banker

The award recognises QNB Group’s wide range of outstanding transaction banking services, supported by corporate bank e-channel platforms.

ALEXBANK launches a new communication strategy

Designed and developed for all 11 International Subsidiary Banks of Intesa Sanpaolo

National Bank of Egypt Launches B2B Platform

“Customers will be able, through the new network, to complete transfers within a few seconds, on weekdays and during official holidays using various electronic payment tools issued by Egyptian banks,”

Dukhan Bank net profit jumps 12%

The total expenses, including finance costs, reduced from QR730mn in 2020 to QR636mn in 2021 by 13%.

Nexus Group launches UAE home loan business

GCC's largest financial advisory group, makes strategic decision to capitalise on robust UAE economy, buoyant housing market, while complementing core insurance and advisory businesses

Oman: possible banking merger between “Nizwa” and “Sohar International”

As for the end of the first nine months of questyear, the bank’s profits grew 6% to OMR 9 million.

Qatar QNB closes $1.96bln 3-year term loan facility

Syndication was oversubscribed and supported by 31 banks

Sohar International wins best corporate banking award

‘Best Corporate Banking – Oman 2021’ award at the Business Outlook Media Awards

HSBC first bank to establish presence in Qatar Free Zones

The initial ATM is located in Ras Bufontas Free Zone, with plans to open additional ATMs in the future.

Commercial Bank wins ‘Best in Social Media Marketing & Services’ award in world

Winners were selected based on strength of strategy for attracting and servicing online customers

Standard Chartered Bank executes its first ESG 'Use of Proceeds' repo

Saudi National Bank will allocate $250mln financing

Gulf International Bank rebound - net profit of $38.9mln attributable to shareholders

The financial statements for the period ended 30 September 2021 were reviewed by the external auditors, Ernst & Young (EY), and comply with International Accounting Standard (IAS) 34 as modified by the CBB.

Bank ABC Islamic announces nine-months 2021 net profit of US$26.7mln

After the one-off impact of fraud related impairments in 2020, the Bank has rebounded with significant improvement in net profitability, 19.4% higher than the same period last year

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