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

Egypt's central bank keeps key interest rates unchanged - statement

The committee kept the overnight lending rate at 9.25% and the overnight deposit rate at 8.25% for a sixth consecutive time, after cutting rates in September and November

NBO and Alshaya partner to give cardholders major discounts

NBO’s suite of credit, debit and prepaid cards offer cashless convenience, tailor-made to meet the needs of its customers.

Israel's Hapoalim ready to resume regular dividends after one-time payout - CFO

The European Central Bank has lifted restrictions on bank dividend payments and share buybacks beyond September.

QIB second top bank in Qatar, 20th bank in ME

Total assets of the bank now stand at QR184bn, higher by 5.4% compared to December 2020 and a growth of 10.9% compared to June 2020.

Saudi lenders report strong profit growth amid economic recovery

Al Rajhi Bank, the second-largest lender in the kingdom by assets, recorded a 48% increase in net income to $963.8m

NBB group wins 'Collaboration in resilience' accolade at the BCI middle east awards 2021

This award underscores the demonstration of synergy and cooperation between the Group's entities as they move into the last leg of their ongoing transformation

Arab Bank Group First Half 2021 Net Profits Grow By 20%

Arab Bank has recently issued its eleventh annual sustainability report

Top Middle East corporates that announced Q2, H1 results today

Here's a glimpse of the top results announced today at the various stock exchanges

Doha Bank Achieves Profit Growth of 22.7%

H.E. Sheikh Fahad added that the total assets increased by QAR 1.3 billion, registering a growth of 1.2%, from QAR 108.0 billion as at 30 June 2020 to QAR 109.3 billion as at 30 June 2021.

The Commercial Bank Announces Net Profit of QAR 1,327.3 Million for the Half Year Ended

The Group reported a net profit of QAR 1,327.3 million as compared to QAR 901.2 million for the same period in 2020.

Garanti BBVA once again named 'Best Retail Bank' in Turkey and Europe

The executive also noted Garanti BBVA's advances around the financial health of its customers, a new priority for the entity and which it complements with the best mobile banking technology.

Bank of Sharjah reports Dh120 million pre-provision Q2 net profit

Provisions liked to Lebanese subsidiary hurts Group’s consolidated profits

UAE's biggest lender FAB posts 19% jump in Q2 net profit

FAB posted a net profit of $783.87mln in the quarter ended June 30, up from 2.4 billion a year earlier

BBK discloses its financial results for the half year ended 30th June 2021

Total comprehensive income attributable to the owners of the Bank for the second quarter of 2021 amounted to BD 22.4 million, compared to BD 93.0 million reported for the same period last year, representing a decrease of 75.9%

RAKBank reports 25% jump in second-quarter net profit amid continued economic recovery

Provisions for credit losses for the quarter decreased by Dh114.4m to Dh296.6m

Commercial Bank of Dubai’s H1 profit up 27.5 per cent year on year

CBD has delivered an improved set of results with the bank’s net profit increasing by 27 per cent compared to the first half of 2020.

SWIFT launches SWIFT Go, a fast, cost-effective service for low-value cross-border payments

Seven global banks, which collectively handle 33 million low-value cross-border payments per year, are already live with the service

Commercial Bank wins prestigious ‘Best Bank in Qatar’ award by Euromoney

The investment we have made in our business under our five-year strategic plan means that Commercial Bank is able to swiftly adapt to the new operating environment

Is Saudi Arabia set to become the next P2P hub?

This follows several years of research into the fintech lending market by Saudi authorities and regulators.

UAE's first half 2021 bank results point to economic recovery gaining traction

Financials reflect improvement in profitability, cost efficiency and asset quality

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