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

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.

RakBank Honoured with Two Prominent Awards by The Asian Banker

RAKBANK Wins Best Internet Banking Initiative Award in the Middle East for 2014&Best Core Banking Implementation Award in the Middle East for 2014

Abu Dhabi's Union National Bank Q1 net profit rises 3.5 pct

Banks in the United Arab Emirates have reported strong earnings growth for the first quarter as they benefit from the improving economic picture in the Gulf Arab nation

Bahrain's Ahli United Bank Q1 net profit down as one-off gain not repeated

Subtracting the one-off gain from calculations, Ahli United said its first-quarter profit increased 41 percent

Emirates NBD sees retail banking boom as here to stay

The bank saw an impressive retail loan book growth and expansion of cheaper funding

UAE: Banks should be ready for margin compression

Customers to benefit from finer pricing, more value added services

Arab Banking Corporation announces 27% increase in first quarter profit to $71m

Business volumes grew in line with ABC’s expansion plans, resulting in improved revenues across all the geographies that ABC operates in.

National Bank of Abu Dhabi 1Q Profit Inches Lower On Expenses

The U.A.E.'s other main banks in the past week saw profits increasing with Dubai's top lender Emirates NBD posting a 25% rise in profit while Abu Dhabi's First Gulf Bank reported a 27% profit boost.

Arab Banking Corporation announces 27 per cent increase in Q1 2014 Profit

Arab Banking Corporation (ABC) today announced that its consolidated Group net profit for the first quarter of 2014 was $71 million, 27 per cent higher than the profit of $56 million reported in the first quarter of last year.

NBAD warns on margins

Many UAE banks have recorded impressive growth in the first quarter, continuing a trend from 2013 as the economy rebounds from a real estate crash and debt problems at Dubai government-linked entities.

HSBC's Oman unit posts 46 pct Q1 profit slump

HSBC Bank Oman, an affiliate of HSBC Holdings, posted a 46 percent slump in net profit in the first quarter, as the lender didn't repeat gains registered in the same period last year

Commercial Bank of Qatar Financial Results for the quarter ended 31 March 2014

Commercial Bank delivers first quarter net profit of QAR 548 million

Emirates NBD only Middle East bank to win in product category at The Asian Banker Awards

Emirates NBD, a leading bank in the region, today announced that it has won the 'Best Consumer Credit Product award' and 'Best Risk Management award’ for its Personal Loan business at the 2014 Asian Banker’s ‘International

UAB profit rises 34% to Dh161m

Q1 2014 operating income, customer loans, deposits and advances increase By Staff

Bank Muscat first quarter net profit jumps 59%

First quarter net profit 39.76m rials vs 24.99m rials a year ago

Co-Operative Bank of Kenya Tops International Banker Awards 2014

The second award was made for Innovation in Retail Banking, Kenya.

National Bank of Fujairah Q1 profit jumps 27%

The National Bank of Fujairah has earned a net profit of Dh 115.3 million in Q1, 2014 compared to Dh90.7 million in the corresponding period of 2013, showing an improvement of 27.1 per cent.

Bank Sohar posts 31 growth in net profit

Bank Sohar announced its financial results for the first quarter ended March 31, 2014, with the bank's net profit jumping 30.85 per cent to RO7.96mn, compared with RO6.08mn a year ago.