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

Strong credit growth to sustain profitability of Saudi banks in 2021

Data from Standard & Poor’s show bank credit expanded by 14.5 per cent last year and is projected to be in excess of 10 per cent this year.

HSBC Saudi Arabia Agrees to Relocate 3 Units to SABB’s Unit

The HSBC Group owns 51 percent of HSBC Saudi Arabia, with 49 percent owned by SABB.

Khaleeji Commercial Bank BSC : ‘KHCB' offers Exceptional Real Estate Financing for Owns at ‘Danat Al Baraka' Project via ‘Mazaya'

The agreement came as a result of the firm partnership that brings KHCB and Eskan Bank together

Emirates NBD hires banks for AT1 dollar bonds - document

Emirates NBD Capital, First Abu Dhabi Bank, JPMorgan, HSBC, NCB Capital and Standard Chartered will arrange fixed-income investor calls starting on Tuesday, the document from one of the banks showed.

UAE banks to soft land amid profitability and asset quality challenges

Improving loan growth to somewhat offset interest incomes pressured by low interest rates

Israel's Bank Hapoalim first quarter profit jumps on reversal of loan loss provision

Net interest income gained to 2.23 billion shekels from 2.19 billion a year earlier

Bank ABC announces Q1 2021 results

Net profit of $30mln with cost of risk returning to pre-pandemic levels, reflecting better economic outlook

Bank of Bahrain and Kuwait B S C : BBK participates in the Danaat Al Baraka road-show with special offers to finance through “Mazaya”.

The Danaat AlBaraka development project is located in Jannusan with 211 new villas in four different state of the art designs with easy access to a variety of facilities and amenities within a lively area.

Ithmaar Bank announces first quarter profits, continues customer-focused growth

Current accounts portfolio up 7%

KFH to offer round-the-clock digital banking services during Eid

KFH Go branch is considered a new electronic channel that helps transfer normal customer transactions to an automated branch

NBK launches business concierge service

For Business Banking Plus customers

UAB reports financial results for the three months ended 31st March 2021

UAB's financial performance was aided by a significant progress within the 'core' businesses recording a 5% YoY uplift in Total Income

CIB receives 1st Gender Equity Seal in MENA region, co-chairs Egypt’s Closing Gender Gap Accelerator

The certification is guided by the World Bank’s Gender Equity Model, which identifies the areas of focus and maps out the needed actions to accomplish the model’s objectives in each area.

National Bank of Bahrain's Q1 net profit soars to $41m

The increase is predominantly attributable to the mark-to-market movements of the Bahrain Sovereign bond portfolio.

Mashreq and Oracle Collaborate to Develop the Future of Transaction Banking

Oracle’s transaction banking platform is a componentized building framework that drives faster product innovation through a flexible, efficient product and process development architecture.

UAE banks' weakening credit quality may drive loan restructuring

The UAE Central Bank has extended until mid-2022 some stimulus measures introduced last year to mitigate the impact of the coronavirus crisis on the economy.

NBK assigns Surra branch to provide international banking services

For quick and easy international banking from inside Kuwait

Riyad Bank signs MoU with Bab Al-Khair Medical Services to establish first non-profit hospital in the Kingdom

The MoU was signed by Eng. Sobhi Batterjee, Chairman of the Board of Directors of Bait Al-Batterjee Foundation and Naif bin Mansoor Shalabi, Regional Manager of the Western Region at Riyad Bank

UAE national banks post Dhs7.7 billion net profit in first quarter of 2021

The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement.

HSBC launches Green Deposits for corporate and institutional clients in the UAE

HSBC is first bank in the UAE to offer a green deposit account

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