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

Arab Bank Group profits grow by 26%

Arab Bank Group reported net income after tax of $271.7mln as compared to $215.2mln for the same period last year

Capital Bank's total assets increase by 45% to reach JD4bln

Capital Bank's net profits amounted to JD52.7mln during the third quarter of 2021

Commercial Bank of Dubai’s 9-month profit surpassed Dh1 billion

Profits surged 28.8% driven by higher assets, lower funding costs and higher income

BBK discloses its financial results for the period ended 30th September 2021

The total assets by the end of September 2021 reached BD 3,662.5 million compared to BD 3,760.4 million as of the 2020 financial year-end, registering a decrease of 2.6%.

First Abu Dhabi Bank third-quarter profit surges 54%

The UAE's largest lender by assets saw total customer deposits grow 1% annually to $165bn

QIIB announces its results for the third quarter (Q3) of 2021

For the third quarter that ended on September 30, 2021, QIIB reported a net profit of QAR 840 million, representing an increase of 7.0% compared to Q3 2020.

NBF delivered robust nine month results with profit up 36.4%

Reflecting on-going focus on quality core business supported by strong capital adequacy and liquidity position

IFC, National Bank of Iraq partner to boost access to finance for SME's

IFC's $10 million loan to NBI will allow the bank to increase lending to small businesses in Iraq across a range of sectors

Bahrain First To Bring New Payment Solutions Through BenefitPay

KFH said it is looking forward to adding more digital payment services and solutions through the BenefitPay application to provide its customers with an advanced and integrated experience.

KIB posts KD 50 million operating income

On his part Vice Chairman and Chief Executive Officer (CEO) at KIB, Raed Jawad Bukhamseen, pointed out that the Bank’s continued profitability during this recent period was the result of its success in attracting many companies known for their finan

Arab National Bank profits fall: Market Wrap

Alinma Bank’s profits rose 15 percent in the third quarter to SR822.9 million ($219.4 million), compared to SR715 million in the third quarter of 2020.

UAE banking assets to grow by up to 10% next year amid Expo boost and economic recovery

Lenders in the country have received $68.07bn in assistance from the UAE Central Bank, UBF chairman Abdulaziz Al Ghurair says

Saudi Arabia's Al Rajhi Bank sees 43% rise in net profit

Higher operating income offsets impairment costs

Saudi National Bank posts 20% rise in quarterly profit

The result was better than the 3.6 billion riyals average analysts’ forecast on Refinitiv Eikon data

Dubai's biggest bank still waiting for asset quality to improve

Emirates NBD said its nine-month profit rose an annual 29 percent to $2bn, while impairment allowances dropped 42 percent

Kuwait’s Boubyan Bank net profits grow by 37%, plans ESG framework

Bank plans to expand its digital services with a focus on fintech

Emirates NBD: Q3 2021 net profit up 29% YoY to AED 7.3 billion

The lender reports $682m in net income as impairment losses decline

Al Khaliji Commercial Bank reports Q3, 2021 results

Net profit of QAR561mln, 3%+ growth year on year

QIB nine-month net profit rises 13.9% to QR2.52bn

QIB has been able to bring down the “finance to deposit” ratio to 99% compared to 101% at the end of December 2020.

GFH to buy 100% of Khaleeji Commercial Bank to boost its portfolio

Acquisition is expected to give Bahraini lender access to a wider segment of clients and a bigger market share

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