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

UAE's Union National Bank Q3 profit rises 22 pct, beats estimates

Union National Bank Abu Dhabi's fifth-largest listed lender by assets, reported a 22 percent rise in third-quarter net profit on Monday, beating analyst estimates.

JIB posts US$ 46.83 million in profits after tax for the third quarter of 2014

Concerning the Bank’s financial results, Mr. Musa Shihadeh, Vice Chairman, General Manager of Jordan Islamic Bank said our financial results till 30/9/2014 emphasize the safety of implementing the strategic plan that bank’s management adopts i

FGB’s Nine-Month Net Profit Up By 21% To A Record AED 4,105 Million Total Assets Cross The AED 200 Billion Mark

FGB, one of the leading banks in the UAE, announced its financial results for the first nine months of 2014 showing a record net profit of AED 4,105 Million, up 21% compared with the same period last year.

Arab Bank Group net profit grows by 10% to reach $614.2m

Arab Bank Group reported net profit after tax and provisions for the nine months period ending 30 September 2014 of $614.2 million, up by 10 per cent from $559.1 million in the same period last year.

Commercial Bank International reported a nine month net profit

Commercial Bank International reported a net Profit of Dh171 million for the First nine months of the year, representing an increase of 25 per cent from Dh136 million for the same period in 2013

KFH posts net profit for shareholders of KD90.1m until end of Q3 2014

Total Assets increased by 11.8% compared to 31 December 2013 to reach KD 17.1 billion, an increase of KD1.8billion.

Jordan's Housing Bank reports profits of $172.4 million for first nine months

The Housing Bank for Trade and Finance showed an 11 per cent increase in pre-tax profit while net profit for the period to end-September 2014 rose 14.5 per cent to $12.7.2 million.

Emirates Islamic Bank Announces 83 Per Cent Increase In Nine Months Net Profit

Total income for the three months ended September 30, 2014, rose to AED 571 million, up 20 percent compared to the third quarter of 2013.

Dubai Islamic Bank revenue for 9M 2014 increases by 17 per cent

Overall fees and commissions have increased by 38 per cent to AED 874 million for the 9M 2014 from AED 635 million for the same period in 2013.

CBD profit surges 18.4% to Dh890m in first nine months

The bank reported a 40 per cent increase in personal banking loans to Dh4.2 billion in the first three quarters of this year

UAE lender ADCB meets expectations with 16.4 pct net profit gain

Abu Dhabi Commercial Bank reported a 16.4 percent increase in third-quarter net profit on Wednesday, in line with analyst expectations.

Abu Dhabi Commercial Bank Posts 16.4% Q3 Net Profit Gain

Abu Dhabi Commercial Bank met analyst expectations as it reported a 16.4 per cent increase in third-quarter net profit on Wednesday, with a big reduction in impairment allowances helping to boost earnings.

Emirates NBD Announces Third Quarter 2014 Results

Top line growth powers Net Profit up 51% to AED 3.91 billion supported by strong economic growth in Dubai Pre-impairment Operating Profit up 34% to AED 7.68 billion

BBK net profits leaped by 8% for nine months of 2014

The boost in profits was predominantly attributable to the bank’s robust cost control measures and the growth in core business income.

Alinma Bank net profit up 26.34 per cent in Q3

Alinma Bank in Saudi Arabia has reported net profits of SAR 331 million for Q3 2014, up 26.34 per cent on year ago levels and up 7.47 per cent quarter-on-quarter.

Saudi's National Commercial Bank Q3 net income rises 7.8 pct - statement

The bank began a two-week subscription period on Sunday for its 22.5 billion riyals ($6.0 billion) share sale.

Dubai Islamic Bank Group announces its Nine Months 2014 results

Dubai Islamic Bank, the first Islamic bank in the world and the largest Islamic bank in the UAE by total assets, announced its Nine Months 2014 results for the period ended September 30, 2014.

Sharjah Islamic Bank announces 33.5% rise in net profits in 3Q

Sharjah Islamic Bank announced its nine month of 2014 results with Net Profits reaching Dhs295 million, compared to 221 million achieved in the same period last year, a 33.5% growth rate

Doha Bank Q3 profit rises 5% to QR1.13bn

The bank increased its net operating income by 14% to reach QR2.2bn. Fees and commission income for Q3, 2014 showed an impressive growth of 27%, reaching QR363mn compared to QR286mn for the same period in 2013.

Masraf Al Rayan profit up 14.1pc to QR1.42bn

The total assets reached QR77.8bn compared to QR 66.90bn as of September 30 , 2013, a growth of 16.3 percent.

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