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

Kuwait's ABK reveals $26mln exposure to NMC Health

The bank has no exposures to other subsidiaries of NMC Health

Qatar banks post 13% jump in domestic credit to QR1tn at end of February: QCB

The services sector saw a 36.55% yearly growth in credit to QR296.57bn, which was 30% of the total domestic loans this February.

Bahrain’s banking system grows 4.6% in 2019

Domestic banking assets amounted to $68.5bln at the end of 2019

ADCB Group Completes Complex Three-Bank Integration to Create Fully Unified, Powerful Banking Group

Abu Dhabi Commercial Bank Group PJSC (ADCB Group) has achieved full integration of Union National Bank (UNB) and Al Hilal Bank significantly ahead of schedule

NBK Pioneers in Introducing e-Dividend Services

Al- Khorafi: "We strive to offer the best services to NBK shareholders providing them with the easiest and most convenient options to have their cash dividends directly deposited in their bank accounts"

Egyptian banks explore multiple avenues to growth

Before the coronavirus outbreak, the International Monetary Fund expected that the Egyptian economy will grow by 5.9 percent in 2020 to become the biggest growing economy in the Middle East and North Africa.

ADCB exposure to NMC Health could top $1b

UAE’s largest healthcare operator has combined debts of $6.6b

NBB continues to implement measures to safeguard well-being of its employees and support individual customers

NBB has also enabled remote access to operational personnel currently working from home.

Abu Dhabi bank ADCB says no layoffs in 2020 due to Covid-19 impact

The lender, the third largest in the UAE, is also participating in a package of financial incentives

Turkey doubles guarantees on loans to spur credit

The new regulation was followed by a joint statement from three government-held banks that emergency loans will be extended to families with a monthly income of 5,000 liras or less.

Al Baraka Bank South Africa net income increases by 11% to reach ZAR 73 million in 2019

The results revealed that the Bank continued to achieve excellent financial results and growth in businesses, where net income increased by 11% and total assets 7%, compared to the end of 2018

BankDhofar contributes OMR 1 Million towards combating COVID-19

Earlier, BankDhofar had worked with the Ministry of Health to open a bank account dedicated to support the cause, encouraging customers and the general public to donate and contribute to fighting the spread of the disease

Ajman Bank says it will not lay off any of its employees in 2020

The move comes despite the economic impact of the Covid-19 pandemic

Qatar- QIB launches mPay digital wallet on its award-winning mobile app

With a loaded mPay digital wallet, customers can make instant transfers to other wallets within QIB, or the wallets of customers at other banks that are registered on mPay, by simply entering the beneficiary mobile number from their phone ‘Contact L

The UAE's 2 biggest banks are seeking opportunities abroad — here is why

"There are limitations to how fast you can grow organically in overseas markets," he said.

Abu Dhabi banks offer loan and financial relief amid virus outbreak

Abu Dhabi's stimulus package includes offering refinancing, loan repayment deferrals or lower repayments where required.

Mashreq launches banking benefits package for UAE customers to ease financial impact of COVID-19 outbreak

Stimulus package available to existing and new customers from April 1 to June 30

KFH-Bahrain defers payment of installments without charges for six months

To all Bahraini and resident clients with no exception to ease their financial burden

RAKBank to support coronavirus affected customers

The bank offers a range of relief meausres to customers amid Covid-19 pandemic

NBB implements initiatives designed to support its individual customers

Following the directives of the wise leadership

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