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

Jordan Islamic Bank pre-tax profits up 17 per cent

Growth in total assets reached around 8.2 per cent amounting to about $5.88 billion.

Debt write-offs lead to loss at CBI

The bank said after the stock market closed yesterday that it booked a loss of Dh466.6 million after it reduced its non-performing loans by Dh1.38bn to Dh983m last year.

Bahrain's Investcorp H1 net profit rises 12 pct

Founded in 1982, making it one of the oldest Middle Eastern private equity houses, Investcorp is best known in the global space for listing luxury goods brands

Al- Dawli realizes 17% growth in net profit for 2015 – KIB’s financial income grew to 63.2 million: Al-Jarrah Al-Sabah

On the other hand, total expenditures reached KD26.8 million compared to KD25.4 million, i.e an increase of 6 percent compared to the previous year.

National Bank of Kuwait might have to take more provisions -CEO quoted

There have to be precautions and provisions if the situation continues with declining asset prices and declining stock markets that would lead to bad results

Qatar bank results point to a tough year ahead

Tough operating conditions to dent banking sector profitability

RAKBANK reports net profit of AED 1.4 billion for 2015

However, provisions for Loan Impairments increased by AED 460.1 million over last year due to higher loan provisioning

KHCB reports 109.8% increase in net profits over 2014

The bank has recorded a net profit of BD 1.9 million in the fourth quarter of 2015 compared to a net profit of BD 1 million reported in the fourth quarter of last year.

Al-Nahedh: KFH's Policy Focuses on Increasing Sustainable Profitability, Core Banking Business

In an interview with CNBC Arabiya NPLs shrank to 1.98%

Al-Mazaya reports KD 9.32m net profit for 2015

Earnings per share was calculated at 15.04 fils for 2015, compared to 13.05 fils for 2014

FGB Group Full Year 2015 Net Profit exceeds AED 6.0 Billion

Net profit up 6%, marking 16th consecutive year of increased profitability

UAE's First Gulf Bank Q4 net profit rises 11 pct, beats forecasts

Three analysts polled by Reuters had forecast an average net profit for the quarter of 1.46 billion dirhams.

U.S. lawsuit payments hit Jordan's Arab Bank 2015 profits

The bank said its total profits before tax and provisions topped $1.1 billion in 2015.

Abu Dhabi Commercial Bank Q4 net profit rises 16 pct

Two analysts polled by Reuters had forecast net profit for the quarter of 986 million dirhams and 1.12 billion dirhams respectively.

Gulf Bank Posts a 10% increase in Net Profit to KD 39 Million in 2015

The growth in deposits was 5%, increasing the total deposits at the bank to KD 4,563 million.

Lower revenues, higher provisions hit National Bank of Abu Dhabi profits

It is almost 70 percent owned by an Abu Dhabi state investment fund.

Sharjah Islamic Bank net profit rises by 9% and proposes 10 % cash dividend

The board of directors propose 10% cash dividend.

Bank Muscat Board proposes dividend for 2015

Bank Muscat has proposed 30 per cent dividend for the year 2015. Continuing the bank’s strong dividend payment track record

KIB reports KD 16.1 mln net profits for 2015

Moreover, the bank's assets rose to KD 127.5 million, an increase of 8% to reach KD 1.79 billion, compared to KD 1.66 billion during the end of last year.

Dubai Islamic Bank Q4 net profit rises 62.8 pct, raises dividend

This compares with a profit of 706.3 million dirhams in the corresponding period of 2014 and the forecast by an analyst at HSBC for the quarter of 915 million dirhams.

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