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

Isam Al-Sager named TOP CEO in Kuwait’s banking industry

In the 2022 Top CEO Conference and Awards

Sharjah Islamic Bank CEO wins 'Best CEO Award' in Islamic banking sector

He was honoured in the 2017 Trends magazine's awards for the top 100 CEOs in the Gulf Cooperation Council countries during a ceremony held in King Abdullah Economic City, Kingdom of Saudi Arabia.

UAE top banks’ profits, margin levels 'take a hit' in Q1

The report suggests that the Q1’22 results for most of the banks in the UAE highlighted an increase in profitability

HSBC launches $1bln lending fund for female entrepreneurs in Egypt, 10 other markets

These initiatives aim to break down the barriers faced by female entrepreneurs

Ahlibank signals robust growth in Q1 of 2022

ahlibank’s total assets recorded a 12.2% growth, reaching RO 3,166.6 million as of the end of March 2022

EG Bank's standalone profits rise 24% in Q1-22

The bank's interest income increased by 6%

Commercial Bank wins 'Most Outstanding Innovation in Fraud Detection award in the World' from Global Finance

The dynamic nature of CBsafe ID provides an extra protective layer to the service that makes it more secure to use.

Ithmaar posts $3.95m Q1 profit; operating income up 16pc

The assets and liabilities subject to the above transaction have been presented separately as ‘held-for-sale’ in the consolidated financial information in accordance with the relevant accounting standards.

QIB wins 4 prestigious awards from the Digital Banker Magazine

The Bank was named “Best Digital Bank for Customer Experience in Qatar”, “Best Islamic Bank for Digital Customer Experience in Qatar”, “Best Bank for Cash Management”, and “Outstanding Account Opening and Onboardi

Bahrain-based Bank ABC Q1 net profit rises 3pc to $31m

The balance sheet remains strong with capital and liquidity ratios well above the regulatory requirements: the group’s T1 Ratio is 16.6%, comprising predominantly 14.7% CET1, LCR 247% and NSFR 124%.

Dukhan Bank reports QR392m net profit for Q1

Total shareholders’ equity exceeded QR14bn, and the capital adequacy ratio stands at 18.3 percent in accordance with the Basel III requirements,

GCC central banks raise interest rates after US Federal Reserve move to curb inflation

Consumer prices in the world's largest economy rose 8.5 per cent in March

Emirates Development Bank showcases its pivotal role

EDB has launched new services that support financial inclusion, including its digital solution for SMEs and start-ups, which resulted in more than 1,000 new accounts being created within the first six months of its launch

Arab Bank Group reports $166 million in net profit for first quarter of 2022

The result is a 29.4 percent increase over the group’s Q1 2021 performance

UAB's profits hike 198% in Q1-22 unaudited financials

The basic and diluted earnings per share (EPS) stood at AED 0.02 in the first three months of 2022, against AED 0.01 in the corresponding period of 2021

Mashreq Bank joins UAE KYC Blockchain Platform, enables firms to open instant digital bank account

Mashreq Bank joins a group of four banks that are currently live on the network, including Emirates NBD, Commercial Bank of Dubai (CBD), Abu Dhabi Commercial Bank (ADCB), and HSBC

UAE top lender FAB posts record profit helped by stake sale

Arqaam Capital had forecast a net profit of 3.05 billion dirhams for the quarter, while EFG Hermes had put it at 3.1 billion dirhams.

Magnati sale raises UAE’s First Gulf Bank's Q1 net profit to $1.4bln

Loans are up 15% while impairments dip slightly

Doha Bank net surges 5.6% year-on-year to QR401mn in Q1

Sheikh Abdul Rehman bin Mohamed bin Jabor al-Thani, managing director of Doha Bank, said, the total shareholder’s equity by end of quarter reached QR14bn.

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