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

Kuwait International Bank to sell its total exposure to NMC

The bank announced it will sell its exposure, aggregating to $74.11mln, for $13.25mln

The international banker 2021 Middle East Africa awards winners

In compliance with new banking laws, Egyptian lenders have now started to increase their capital levels.

NBK signs a partnership agreement with Rafa Nadal Academy Kuwait

The leading sports institution specialized in tennis and fitness

Ithmaar Bank launches special financing offers for Danaat Al Baraka villas

The special financing offers are designed exclusively for beneficiaries of the Mazaya programme, the Kingdom of Bahrain's social housing scheme that aims to help eligible nationals buy their first homes

ADIB partners with Diebold Nixdorf to deliver 24/7 access to essential banking services

Digital self-service technology is part of ADIB's commitment to innovation and to providing a seamless banking experience for its customers

Commercial Bank makes LinkedIn’s top 10 companies in Qatar list

The criteria used in the assessment was based on seven key pillars

Dukhan Bank announces May draw winners of Thara’a savings account

The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry.

Emirates NBD wins customer vote for most recommended retail bank in the UAE

Also wins Most Recommended Bank in the Middle East award for Mobile Banking, Personal Loan and Remittances

Gulf Bank of Kuwait selects Accura Scan for KYC User Onboarding

This long-due advancement by Gulf Bank will mean faster and better customer support for its loyal customer base across more than 50 branches.

Egypt’s Commercial International Bank reports Q1 consolidated revenue of 6.27 billion Egyptian pounds

Loss provisions fell 43 percent year on year to EGP702 million.

Emirates NBD takes fight to FAB in battle for UAE retail market

Emirates NBD has expanded consumer lending, increasing the size of its retail loan book 51% to 91.7 billion dirhams in 2020 from 60.9 billion dirhams in 2017, according to the data.

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%

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