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

Assets, loans and deposits post double-digit gains amid disciplined cost control

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Syrian banks and firms will now be able to work with global payment systems like Visa and Mastercard, following an announcement by the Central Bank.

The Bank’s credit portfolio expanded to JOD 2.09 billion (US$2.95 billion), consistent with JKB’s prudent and disciplined growth strategy.

This collaboration comes in line with the ongoing national efforts led by the ministry to develop the housing ecosystem in Bahrain

The meeting explored prospects and avenues for collaboration in the banking and financial services sector

This aligns with Oman’s vision to diversify income sources and increase the sector’s contribution to Gross Domestic Product (GDP).

In Effectively Mitigating the Impact of Geopolitical Volatility

AED 3.5 Billion in Q1 Revenue, and Total Assets of AED 420 Billion

The other banks making up the cohort were Alinma Bank, Bank Albilad, the Saudi Investment Bank and Bank AlJazira.

SAB continued to deliver growth across its core businesses.

The kingdom’s 10 listed banks posted combined net profit of $6.4 billion in the first quarter

To enhance customer experience and expand digital banking solutions

Total net interest and Islamic financing income grew 10% year-on-year to AED 3.74 billion

This exceptional accomplishment underscores the bank’s leadership in sustainability, innovation, and SME empowerment within the Kingdom of Bahrain.

Operating income increased 18% to Dh5.93 billion, driven by a sharp rise in non-interest income

with Year-on-Year Growth of 1.0 %

Total assets stood at Dh26.9 billion at the end of March, up 15% year on year. Loans, advances and Islamic financing increased 21% to Dh15.1 billion

Ministry aims to boost transparency, consumer awareness