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

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

QIB Ranked "Strongest Bank in Qatar" & "Second Strongest Islamic Bank in the World"

The Asian Banker Rankings for 500 Strongest Banks 2021

BBVA launches offer for rest of Garanti in bet on Turkey

The bid will be carried out after BBVA receives all the necessary regulatory approvals.

Bank ABC announces Q3 and Nine Months 2021 results

The Group delivered improved profitability during the nine months of 2021

Qatar Islamic Bank launches video banking

The Video Banking service currently allows existing QIB customers to place a video call with a QIB service agent to get real-time guidance while applying for Instant Finance digitally via the QIB Mobile App.

UniCredit sells remaining stake in Turkey's Yapi Kredi

At the same time, the bank will book a non-cash hit of 1.6 billion euros to its fourth-quarter earnings due to currency reserves linked to the stake.

ADCB – Egypt achieves 48% growth in profits before tax in Q3 2021

Bank continues to successfully implement its expansion plans, develop digital services, says El-Sewerky

Burgan Bank posts KD 40 mln net income for first 9 months

Strong earnings reflect effectiveness of strategy implementation

QNB Named Best Private Bank in Middle East

Some of QNB Private Banking Services include; Dedicated Relationship Managers, Private Banking Lifestyle Privileges, QNB Mastercard World Elite Exclusive Metal Credit Card, and QNB Private Investment Services which offers a wide array of investment option

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.

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