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

Saudi retail giants boost online footprint with Vogacloset deal

The pandemic has encouraged Saudi retail groups to rapidly ramp up their e-commerce investments in response to the boom in online shopping

Finastra reveals corporate bank priorities for 2025

To thrive, these organizations must change their business models, adopting new infrastructures that support the journey towards digital, end-to-end, platform-driven corporate banking.

Commercial Bank successfully issues $500mn PNC5 AT1

Commercial Bank's $500mn PNC5 AT1 is the largest size issuance for an AT1 out of Qatar

Saudi National Bank, the Kingdom’s new national champion in banking

The combination of the two Saudi banks is the latest in a wave of Gulf banking mergers

Banque Saudi Fransi board recommends $127.9mln dividend

More than one billion shares will be eligible for the compensation at $0.11 per share

Qatar- Commercial Bank wins two major Euromoney awards

Commercial Bank GCEO Joseph Abraham said, 'Commercial Bank is committed to digital innovation to enhance the experience of our customers and these awards reflect the strength of our best-in-class digital products and services.

Banking on green investment to drive climate action

In light of the Abu Dhabi Global Market’s recent forecast that sustainable investment will aid economic recovery in 2021

COVID-19 impact: Qatari banks to see high provisioning costs in 2021

Combined net profit of Qatari banks declined 12% to $5.6bln in 2020

Arab Bank named the Middle East’s Best Trade Finance Provider 2021

This global recognition is a testament to Arab Bank’s solid performance and long success record driven by its institutional vision and constant efforts towards adopting the latest technologies in the banking industry

Shareholders approve new mega-bank - Saudi National Bank to launch on April 1

Entity created from NCB and Samba Financial Group merger will have 30% market share

Abu Dhabi bank inks deal to acquire mortgages worth $300m

Abu Dhabi Commercial Bank to acquire a portfolio of about 1,000 mortgages from Abu Dhabi Finance

Akbank Seeks Cheaper Foreign Borrowing in Test for Turkish Banks

The lender paid 35 basis points more on dollar and euro facilities when it raised a loan of around $800 million in October.

Turkish banks’ net profits reach $594M in January

Loans, the biggest sub-category of assets, were around TL 3.6 trillion ($487.5 billion), posting a 32% rise year-on-year.

SABB reports resilient Q4 results, net income up by 7%

The fourth quarter of 2020 saw an acceleration in the integration of SABB and Alawwal Bank, with full integration expected by the end of the first quarter of 2021.

ADCB inks agreement to buy 1,000 mortgages from Abu Dhabi Finance

The assets have a gross book value of about Dh1.13 billion as of January 31, 2021

Mashreq recognized as market leader for its best in class transactional banking services in the Middle East by Euromoney

Recognized as 'Market Leader' in the UAE and the Middle East region in the Euromoney Trade Finance Survey 2021

Saudi's Riyad Bank announces $399mln cash dividend

Board recommends payout despite 12% net profit decline

Total net income of Al Baraka banking group reaches US$166 million in 2020

With Total Assets exceeding US$28 billion

Commercial banks' total assets jump 8.55% year-on-year to QR1.69tn in January: QCB

Total domestic assets were seen expanding 10.17%; while foreign assets were down 0.8% year-on-year in January 2021.

Saudi's Samba-NCB new entity to finance development projects: Chairman

$213mln a year budget is attributed to cut in cost of technology systems for the two banks

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