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

S&P maintains Gulf Bank of Kuwait's ‘A-’; outlook stable

The rating reflected the GBK’s position as Kuwait’s fourth biggest commercial bank

Emirates NBD Announces Third Quarter 2019 Results

The cost to income ratio at 30.3% is within guidance however the Bank remains firmly focused on cost controls as we face pressure on income due to falling interest rates.

Arab Bank Group profit grows by 4 per cent in nine months

Strong performance was driven by growth in core banking income with net interest income increasing by 5 per cent.

QIIB profit jumps 5.7% to QR777mn in Q3

Sheikh Dr Khalid said, “Our satisfaction with the results stems from the fact that we were able to be part of the exceptional success achieved by the Qatari economy, which excelled in overcoming the siege and its repercussions.

ADCB sees 13% drop in profits as income falls

Bank raises forecast for cost synergy benefits to Dh840b

NBK Group CEO receives ‘Distinguished Services to Arab Banking’ award from ABA

This family is NBK’s most valuable resource and it is the men and women who dedicated their lives to make NBK one of the best banks in the Middle East region.

Dubai Islamic Bank Shines at the Islamic Business and Finance Awards 2019

The bank received the renowned titles

UAE’s Abu Dhabi Commercial Bank to exit Qatar and Kuwait

The move comes after the bank sold the majority of its banking portfolio in India to DCB Bank.

UAE's First Abu Dhabi Bank Q3 net profit up 3%

FAB made a net profit of 3.11 billion dirhams ($847 million) in the three months ending Sept 30, compared to 3.02 billion dirhams in the prior-year period, it said in a statement.

Commercial Bank customers can subscribe to IPOs through digital service

This new feature allows customers to easily subscribe when an IPO is released, with the ability to scan documents and send attachments with their online application.

Al Wathbah, Meethaq SME and Najahi join in Riyada’s SME Forum

It is expected that this initiative will create 3,000 additional jobs in the SME sector.

RAKBank reports Dh839.4m nine-month net profit

Diversified income streams and decline provisions support profits

Bank of Sharjah announces financial results for the period ended 30 September 2019

Net profit for the period ended 30 September 2019 reached AED 172 million

NBB records 1.8% increase in net profits for the first nine months of 2019.

Operating income during the nine months witnessed an increase of 7.2% year-on-year to BHD 94.9 million (USD 252.4 million) compared with BHD 88.5 million (USD 235.4 million) for the same period in 2018

Qatar's Commercial Bank still looking to sell United Arab Bank stake

Commercial Bank continued to classify its shares in UAB as an "asset held for sale"

Noor Bank's profit rises 12% to AED 595 million

Noor Bank achieved a 15.2 per cent annualised return on shareholders' equity

QNB announces financing of Baladna IPO subscriptions

QNB provides innovative ways to enable customers to register on all IPOs either for themselves or on behalf of their relatives and children.

Saudi Arabia hires JPMorgan, Standard Chartered for $2.5 bln sukuk

Saudi Arabia has borrowed extensively over the past few years to offset the impact of lower oil prices on state revenue.

Standard Chartered brings real-time onboarding to the UAE for the first time

Real-time Onboarding solution will provide Standard Chartered clients with instant credit card approval and digital cards in as little as 10 minutes

Alinma Bank sustains growth in all activities

Net profit for the third quarter of 2019 was SR713 million.

Retail Banking