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

Spain’s BBVA underscores support for Erdoğan lending boom

Turkey’s government has flooded the economy with cheap loans from state-run banks and urged private lenders to follow suit to help boost economic growth.

National Bank of Fujairah sees 81.8% drop in first-half 2020 net profit

Bank has taken on higher provisions to cope with unprecedented market conditions

QIB welcomes Al Meera to its prestigious Absher Rewards Programme network

“QIB is happy to add Al Meera’s extended network of hypermarkets and supermarkets to our Absher Rewards Programme network."

Qatar First Bank announces half-year 2020 financial results

As a result, the total costs (excluding one-off impairment costs) were reduced by 27 percent during the first half of the year compared to the same period last year.

Dubai’s Department of Economic Development Launches UAE KYC Blockchain Platform

The blockchain project is being supported by Smart Dubai and the Central Bank of UAE who plays a key regulatory role in the initiative.

FAB Q2 net income slides as provision charges rise

The bank said it focused on 'diligent risk management' and providing relief to its clientele during the second quarter

NBK reports KD 111.1 million net profit for the 1H 2020

“Our economic forecasts indicate a contraction of around 6% in Kuwait’s GDP in 2020 as a result of the economic headwinds resulting from the disruption in commercial activities and the sharp decrease in government revenues as oil prices plunge

Doha Bank posts QR501mn half-yearly net profit

Net loans and advances increased to QR62.5bn (as on June 30) from QR60.9bn for the same period last year, registering a growth of 2.6%.

Jordan's Arab Bank group H1 net profits drop 66%

Lower interest rates and weakening oil prices hurt revenues, the bank said

NBK Provides 24/7 Concierge Service to Its Customers

In this regard, NBK provides an integrated program for Premium Banking Customers (Private Banking, Privilege Banking and Thahabi Package) in partnership with Peacock Concierge.

Commercial Bank wins 'Excellence in Leadership in Middle East' award from Euromoney

Commercial Bank has taken several measures during the pandemic to meet the market’s requirements and help customers with their daily banking needs through digital channels.

QIB announces new features on its award-winning mobile app

The latest update, in response to the prioritised customer needs, enables users to retrieve their username and unblock their access to the app.

Al Khaliji net profit rises 2.6% to QR361mn in H1

On June 30 we issued a joint press release with Masraf Al Rayan expressing our intention to explore a potential merger of the two banks.

Commercial Bank half-yearly net profit tops QR901mn

The operating profit for the group increased by 17.9% to QR1.52bn for the half year that ended in June compared to QR1.29bn achieved in the same period in 2019.

Time ripe for banks to move towards green loans: BAB

Green loans are loans to businesses and projects that consider energy efficiency management, more adoption of renewable energy sources, and reduced waste

First Abu Dhabi Bank wins global tender to be Etihad partner

Abu Dhabi bank will handle all of Etihad's online and offline card-related transactions

OAB opens new branch in Al Khoud

Similar to the other transformed branches, the new Al Khoud branch features an enhanced brand identity with a refreshed look and feel, coupled with contemporary design.

Banque Misr increases CI Capital stake to 10.16% with EGP 115m investment

The increase makes Banque Misr the largest shareholder in CI Capital's ownership structure, followed by Global Holding Group with 10.056%, then CIB - Egypt with 7.561%, and Mahmoud El Gamal Charitable Foundation with 5.439%.

Qatar- Commercial Bank bags 'Excellence in Leadership in the Middle East' Award 2020 from Euromoney

We have taken most of our offerings digitally through our mobile application and internet banking

Emirates Islamic Bank nets Dh12m as first-half 2020 profit

Bank attributes drop in profitability to higher impairments as well as COVID-19

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