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

Oman's mid-sized banks face more pain as competition bites

Moody’s said all mid-sized banks had a market share ranging between 7-13 per cent

Gulf Bank Receives 'Best Domestic Retail Bank' and 'Best Human Resources Development' Awards from Banker Middle East

Gulf Bank has announced that it has been honored with the 'Best Domestic Retail Bank' and 'Best Human Resources Development' awards for 2014 from Banker Middle East, the region's leading banking industry magazine.

Award Reflects Leading Role In Banking Sector: Al-Sarawi

KFH Wins ‘Best Bank In Kuwait’ Award

UAB wins dual awards at 2014 Banker Middle East Industry Awards

United Arab Bank (UAB) picked up a duo of accolades at CPI Financial’s Banker Middle East Industry Awards

BankDhofar Named 'Best in Oman' By CPI Financial

Commenting on this achievement, Ojaili said, “We are very proud of the recognition from an esteemed institution such as the CPI Financial.

Doha Bank named ‘Best Regional Commercial Bank’

Doha Bank had earlier received the licence to commence banking operations in India and in April 2014 agreed to purchase HSBC Bank Oman’s business in India subject to regulatory approvals.

Lebanese lenders may see profits go up: Salameh

Central Bank Governor Riad Salameh predicted modest growth in the profits of Lebanese banks in 2014 despite the difficult political and economic conditions and the growing talk of higher taxes on lenders.

KFH-Bahrain opens branch in new push

Kuwait Finance House-Bahrain has opened its 10th branch in the country in Arad, to cater to a rapid expansion of customers.

Saudi Banks Beating JPMorgan Urged to Boost Capital: Arab Credit

Saudi Arabian Monetary Agency continues to encourage Saudi banks to build up higher levels of capital adequacy.

U.A.E. Islamic Bank Asks What’s in a Name After Barclays

The U.A.E. is a market where credit penetration is relatively high

CIB named ‘Bank of the Year’

Commercial International Bank has been named “Bank of the Year” for international commerce after fierce competition with National Bank of Egypt

Mashreq on its way to double retail banking profits this year

The bank to maximises earnings in all segments of business

Doha Bank sees enhanced potential in Kuwait; synergies with the bank's global network

Doha Bank, one of the leading banks in the GCC region with full branches in Qatar, Kuwait and the UAE, said building its partnerships in Kuwait is one of its top priorities in the current fiscal year.

UAE’s NBAD bank given India licence: report

An Indian bank is expected to be allowed to set up in the UAE in return, with State Bank of India the most likely candidate

UAE bank ADIB got regulator nod for Barclays UAE buy 10 days ago - CEO

Abu Dhabi Islamic Bank got regulatory approval from the United Arab Emirates' central bank for its purchase of Barclays' retail operations in the country 10 days ago.

Award for Standard Chartered

The Asian Banker's Middle East and Africa Awards are acknowledged by the financial services industry

Capital Intelligence affirms ratings of the National Commercial Bank

The rating is constrained by the bank's higher than average cost structure, its declining average capital ratios, and to some extent the levels of concentration in its loans and in its funding

National Bank of Greece to Sell Stake in Turkey’s Finansbank

National Bank of Greece SA, the country’s biggest lender, plans to sell a stake in Istanbul-based Finansbank AS as demand for Turkish bank assets increases.

Emirates Money Named Best Non-Bank Consumer Finance Business

Emirates Money, the consumer finance arm of Emirates NBD, a leading bank in the region, today announced that it had been named the “Best Non-Bank Consumer Finance Business” at the Asian BankerMiddle East Banking Products and Projects 2014Award

Burgan Bank Group announces net profit of 17.1 million for Q1 2014

Burgan Bank Group announced today its first quarter earnings for 2014. Net profit reported at KWD 17.1 million reflecting a growth of 10 per cent from KWD 15.6 million reported for the first quarter in 2013.

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