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

QNB receives ‘Best Transaction Bank in Middle East & Africa’ Award by The Asian Banker

The award recognises QNB Group’s wide range of outstanding transaction banking services, supported by corporate bank e-channel platforms.

ALEXBANK launches a new communication strategy

Designed and developed for all 11 International Subsidiary Banks of Intesa Sanpaolo

National Bank of Egypt Launches B2B Platform

“Customers will be able, through the new network, to complete transfers within a few seconds, on weekdays and during official holidays using various electronic payment tools issued by Egyptian banks,”

Dukhan Bank net profit jumps 12%

The total expenses, including finance costs, reduced from QR730mn in 2020 to QR636mn in 2021 by 13%.

Nexus Group launches UAE home loan business

GCC's largest financial advisory group, makes strategic decision to capitalise on robust UAE economy, buoyant housing market, while complementing core insurance and advisory businesses

Oman: possible banking merger between “Nizwa” and “Sohar International”

As for the end of the first nine months of questyear, the bank’s profits grew 6% to OMR 9 million.

Qatar QNB closes $1.96bln 3-year term loan facility

Syndication was oversubscribed and supported by 31 banks

Sohar International wins best corporate banking award

‘Best Corporate Banking – Oman 2021’ award at the Business Outlook Media Awards

HSBC first bank to establish presence in Qatar Free Zones

The initial ATM is located in Ras Bufontas Free Zone, with plans to open additional ATMs in the future.

Commercial Bank wins ‘Best in Social Media Marketing & Services’ award in world

Winners were selected based on strength of strategy for attracting and servicing online customers

Standard Chartered Bank executes its first ESG 'Use of Proceeds' repo

Saudi National Bank will allocate $250mln financing

Gulf International Bank rebound - net profit of $38.9mln attributable to shareholders

The financial statements for the period ended 30 September 2021 were reviewed by the external auditors, Ernst & Young (EY), and comply with International Accounting Standard (IAS) 34 as modified by the CBB.

Bank ABC Islamic announces nine-months 2021 net profit of US$26.7mln

After the one-off impact of fraud related impairments in 2020, the Bank has rebounded with significant improvement in net profitability, 19.4% higher than the same period last year

QIB Ranked "Strongest Bank in Qatar" & "Second Strongest Islamic Bank in the World"

The Asian Banker Rankings for 500 Strongest Banks 2021

BBVA launches offer for rest of Garanti in bet on Turkey

The bid will be carried out after BBVA receives all the necessary regulatory approvals.

Bank ABC announces Q3 and Nine Months 2021 results

The Group delivered improved profitability during the nine months of 2021

Qatar Islamic Bank launches video banking

The Video Banking service currently allows existing QIB customers to place a video call with a QIB service agent to get real-time guidance while applying for Instant Finance digitally via the QIB Mobile App.

UniCredit sells remaining stake in Turkey's Yapi Kredi

At the same time, the bank will book a non-cash hit of 1.6 billion euros to its fourth-quarter earnings due to currency reserves linked to the stake.

ADCB – Egypt achieves 48% growth in profits before tax in Q3 2021

Bank continues to successfully implement its expansion plans, develop digital services, says El-Sewerky

Burgan Bank posts KD 40 mln net income for first 9 months

Strong earnings reflect effectiveness of strategy implementation

Retail Banking