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

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.

Gulf Bank Posts a 10% increase in Net Profit to KD 35.5 Million in 2014

Operating Profit reaches KD 106.8 Million.

Results point to a challenging year ahead for Saudi banks

Preliminary results of Saudi banks showed that the profits of the listed banks grew by about 10 per cent to hit 40.2 billion riyals by the end of 2014, compared to 36.6 billion riyals in 2013.

al khaliji reports 2014 net profit of QAR 563 million

al khaliji (KCBK), in Qatar, released its consolidated financial statements for the year ended 31 December 2014 showing a Net profit of QAR 562.9 million for 2014, up from QAR 550.9 million in 2013

RakBank – AED 1,454 million net profit, a 1.3 per cent increase

RAKBANK today announced AED 1,454.6 million in net profit for the year 2014.

Net Profit Up 6.2 Percent To KD 37.6 Mn

Such recommendation shall be subject to the approval of the ABK General Assembly Meeting and the competent regulatory authorities.

Retail-focused Rakbank doubles down on loan growth

Rakbank expects its loan book to have grown at twice the rate of its peers last year, helped by higher-yielding loans to small businesses and individuals.

Dubai Islamic Bank Q4 2014 net profit rises 64.1 pct

The bank did not provide a breakdown of its fourth quarter earnings, so Reuters calculated the figure based on the full year earnings figure.

Abu Dhabi Commercial Bank Q4 Net Profit Jumps 29%

The bank made a net profit of Dhs1.02 billion in the fourth quarter of 2014

Dubai’s Deyaar Q4 Net Profit Falls 43%

The company's 2014 annual profit was Dhs231.7 million, up from Dhs154.5 million in 2013.

Dubai’s Nakheel 2014 Net Profit Jumps 43.2% Despite Revenue Slump

The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013

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