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

Commercial Bank wins five prestigious Global Finance 2021 awards

These digital products and services are even more relevant for our clients given the impact of COVID-19 on face-to-face interactions.

Big bank earnings: Profits at UAE's major lenders reached $4bln in H1 2021

Moody's said the four banks combined net profit increased from last year, but returns on assets remains below pre-pandemic levels

Top UAE banks’ profits recover on easing provisions and economic recovery

The banks provisioning fell by 38 per cent in the first half of 2021, as the economy recovered.

Easing provisions drive solid recovery in UAE banks’ profits

The profit surge is subsequent to booking of lower loan-loss provisions by the banks

NBB wins International Business Magazine Awards 2021!

The bank was assessed on its achievements in each category, its overall performance, ongoing strategic initiatives, year-on-year progress, and impact on the environment in which the bank operates.

EBRD steps up trade support with Turk Ekonomi Bankasi

TEB is the seventh-largest private bank in Turkey and has a strategic partnership with France’s BNP Paribas.

UAE banks top GCC banking sector profit growth in Q2-2021

Nine out of 16 listed banks in the UAE reported an increase in net profit

NBB wins International Award

Best Transformation, Best Sustainable Bank, and Banking CEO of the Year - Bahrain

Saudi banks lead Gulf in loan growth as sector posts strong quarter

Faster economic activity was evident in the purchasing managers’ indices for UAE and Saudi Arabia that remained elevated during May 2021 and June 2021, well above the growth mark of 50, the report said.

Top 10 UAE banks record healthy Q2 rebound

The UAE’s Central Bank’s Q2’21 credit sentiment survey notes a strong, ongoing domestic credit demand across all sectors of the economy indicating that a vibrant recovery is on track.

QIB wins 6 accolades from Global Finance Best Digital Banks Awards 2021

The bank also continued offering its retail customers the fastest and most secure ways to remotely fulfil their banking needs, including opening a bank account, getting personal financing, or issuing a credit card via the QIB mobile App.

Bank Alfalah posted market leading growth in deposits and consumer lending - profit up by 24%

Net mark-up income was marginally down from last year, the primary reason being a sharp decline of 625 bps in the discount rate

UAE banking sector profitability improves in Q2 2021

Asset quality set to stabilise reflecting a positive outlook for UAE banks

Emirates NBD seeks to double diamond trade financing by 2025

The collaboration is set to boost Dubai’s economic transformation into the world’s number one diamond trading hub and support the economic diversification strategy of the UAE.

Dubai's Emirates NBD will see profitability returning to pre-pandemic levels by 2022

Ratings agency affirms lender's long-term deposit ratings, changes outlook to stable

NBB renews strategic partnership with StartUp Bahrain

Their evolving strategic partnership will further advance the NBB's goal of leading the way as the kingdom’s national bank when it comes to the support and backing not only of startups and SMEs, but the world of entrepreneurship in Bahrain as a

UAE banks need to step up their customer service game

“Covid-19 has spurred an increased uptake in digital offerings around the globe. When it comes to customer support, many consumers have turned to digital channels, such as social media, to contact their banks for assistance.”

Qatar banks’ net profit zooms to pre-pandemic levels

Stable NIMs reflected a decline in asset yields in the current lower interest rate environment – to 4 per cent from 4.5 per cent

NBB announces "Al Watani saving scheme" monthly winners for July 2021

The draw was held at the bank's main office on the 15th of August, and attended by representatives from the Ministry of Industry, Commerce & Tourism, and External Auditors

Dukhan Bank brings Apple Pay to customers

Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places.

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