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

Finance House net profit drops 28% in Q1

Total operating income declined 11.85 per cent year-on-year at Dh79.35 million in the January-March period down against Dh91.20 million for the same period last year.

Bank upbeat over growth

National Bank of Abu Dhabi expects growth in its operating expenses to moderate in the remainder of 2015, says its chief financial officer, after surging by 29 per cent in the first quarter.

JIB posts US$ 16.08 million in profits after tax For the first quarter of 2015

Jordan Islamic Bank achieved net profits after tax for the first quarter of 2015 that amounted to about US$ 16.08 million

Arab Banking Corp Q1 profit hits $52m

Bahrain-based Arab Banking Corporation announced today (April 30) that its consolidated Group net profit for the first quarter (Q1) of 2015 was $52 million

Al Baraka to distribute dividends

Al Baraka Banking Group has announced it will start distributing $32.8 million cash dividends for last year to shareholders from today

M1 up by 1.6% at end-February

The Money Supply aggregate M2 also increased by 1.3 per cent, from Dh1,176.1 billion at the end of February to Dh 1,191.9 billion at the end of March 2015

Jordan's Housing Bank Q1 net profit almost flat at $44 mln

Jordan's Housing Bank for Trade and Finance reported first-quarter net profit of 31.4 million dinars ($44.3 million)

Qinvest announces strong profit and revenue growth for Q1 2015

Revenue for Q1 2015 was up 27% to US$20.70 million (QAR75.36 million), compared to US$16.26 million (QAR59.18 million) in Q1 2014

UAE bank NBAD posts marginal Q1 net profit rise, below estimates

National Bank of Abu Dhabi , the largest lender by assets in the United Arab Emirates, on Wednesday posted a marginal increase in first-quarter net profit

Emirates Investment Bank reports financial results for the first quarter 2015

Emirates Investment Bank, an independent private and investment banking boutique, today announced its financial results for the first quarter 2015.

ABK records KD 21.8m operating profit in Q1

Net profit soars to KD 9.1mn, total assets up 2.4%

EIIB-Rasmala announces results for 2014

European Islamic Investment Bank plc, the London-listed asset management and financing group focused on the growth markets of the Gulf Cooperation Council, has announced its full year financial results for the year ended 31 December 2014. The Group is tra

BankMed profits surge by 4 pct to $133M

BankMed, one of the largest banks in Lebanon, continued to maintain good results last year despite local and regional challenges.

Byblos Bank Posts Healthy Financial Results in the First Quarter of 2015

These positive results were recorded while the Bank sustained its cautious strategy aiming at preserving asset quality and mitigating risks.

DFM Company posts profit

Liquidity in the banking system is comforting with deposits up 11% to AED 1.4 trillion and bank credit up 8% to AED 1.38 trillion by the end of 2014.

Commercial Bank net profit rises by 19.5pc

"Qatar's economy continues to diversify in line with the Qatar National Vision 2030. Commercial Bank's results for the first quarter of 2015 reflect the changing dynamics of Qatar's economy, with robust growth being generated from the

Saudi banks post SR11.2bn profit in Q1

Despite a tighter economic environment, the Saudi Arabian banks continued to record growing results in Q1, 2015.

FGB's gains increase 7pc

First-quarter net profit from First Gulf Bank (FGB) failed to match analyst estimates yesterday despite rising by seven per cent thanks to higher fee income

Dubai's Damac Q1 profit falls 38 pct; reveals dividend plans

Dubai's Damac Properties reported a 38 percent fall in first-quarter net profit

Arab Bank Group Reports First Quarter 2015 Net Profits of USD 217.2 million

Arab Bank Group reported net profit after tax and provisions of USD 217.2 million for the first quarter of 2015 compared to USD 216.3 million in the previous year

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