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

Dubai developer DAMAC Q4 profit rises 11 pct

DAMAC's 2014 full-year profit was $937 million

Al Baraka Bank Egypt net income up 36 per cent

Total assets also increased by 22.1 per cent, financing portfolio by 20.9 per cent, customer deposits by 21.2 per cent at the end of December 2014 compared to the end of 2013.

Warba Bank announces its annual financial results for 2014

Warba Bank has announced its annual financial results for 2014

Union National Bank’s Itihad Fund posts 12.66% gains

The fund’s objective is to achieve capital appreciation by investing in best of breed collective investment vehicles in the UAE

Jordan's Housing Bank says 2014 net profit up 16 pct

The country's second-largest lender said in a statement total assets reached 7.6 billion dinars at the end of 2014, up 5 percent from the same time a year earlier.

Al Baraka Bank Egypt continues its successes and rises its net income by 36 per cent to LE 225.5 million in 2014

Al Baraka Bank Egypt, a subsidiary banking unit of Al Baraka Banking Group B.S.C. (ABG) and its investment arm in Egypt, announced that the Bank continued in 2014 to achieve distinguished financial results

Al Masraf net profits up by 41 per cent

We are adding an Islamic window to our clientele

Al Wifaq Finance Company reported a record profit of AED 93.3 million for 2014

The Company's Deposits increased by 27?

Byblos Bank net profit up 12.5 per cent in 2014

Byblos Bank has reported what it describes as ‘healthy ratios and respectable increases in assets, deposits, loans, and profit despite challenging local and regional conditions’. .

FGB net profit rises 13pc

FGB made a net profit of 1.55 billion dirhams ($422 million) for the three months

CBD's 2014 profits jump 19%

Bank underwrites new loans of over Dh10 billion in 2014

Bank Dhofar net profit rises 14.23 percent to OMR40.45 million in 2014

The Cost to Income ratio during the year 2014 improved to 46.70% as compared to 50.60% in 2013.

Qatar Insurance Company (QIC) reports record net profit of $275 million

QIC has reported record net profit of QAR 1,001 million ($275 million), up 33 per cent, and an RoE of 18.5 per cent in 2014 Gross written premiums and shareholders’ equity grew 59 per cent and 10 per cent to $1.54 billion and $1.63 billion, respecti

NBAD Reports Record 4th Quarter and Full Year 2014 Results.

Year-over-year growth was driven primarily by strong fee income growth across all lines of business, solid loan growth, increases in deposits and CASA as a percent of deposits, and solid gains in the investment portfolio.

FGB 2014 net profit at AED 5.66 billion, up 18 per cent from 2013

FGB, one of the leading Banks in the UAE and the largest by market capitalisation continued to achieve record results where it reported a total net profit of AED 5.66 Billion in 2014.

Commercial Bank of Dubai’s 2014 profit rises 19% to Dh1.2b

Dubai lender’s personal banking loan portfolio grew 35% to Dh4.5b while customer deposits went up 3.9% to Dh32.2b

Bank Audi Consolidated Activity Highlights as at End-December 2014

Within this context, Bank Audi's performance in 2014 confirms the suitability of the Group's diversification strategy

HSBC Bank Oman announces its results for the year ended 31 December 2014

Looking ahead, HSBC Bank Oman remains committed to delivering the very best experience for its customers at all times

Union National Bank announces profit of AED 2,021 million, up by 16 per cent

Union National Bank (UNB, reported another year of record profit with the UNB Group profit being AED 2,021 million for the fiscal 2014 (2013: AED 1,748 million)

Gulf Bank Q4 net profit climbs 10.7 pct, proposes stock dividend

The bank added its board proposed a stock dividend of 5 free shares for every 100 held for 2014.

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