Managers of Wealth Africa

BNP to seek initial bids for Egyptian retail arm sale: sources

The lender operates nearly 70 branches in the North African country where political unrest last year toppled the regime of former president Hosni Mubarak.

HSBC cashes in after its Omani acquisition

The merger between HSBC and Oman International Bank - previously the country's fifth-largest lender - was completed last month.

HSBC Bank Oman logs profit

"The new entity now has one of the largest branch networks in the Sultanate, and will serve the needs of retail, corporate and institutional customers. With the successful completion of this transaction, customers can now benefit from both HSBC Group

Bank of Bahrain and Kuwait said to expand into India

Bank of Bahrain and Kuwait BSC plans to expand into India after obtaining licenses to open two branches with a target to add two more in the future, Alwasat reported, citing chief executive officer Murad Ali Murad.

Gulf bank results reflect state spending

Emirates NBD, Dubai's biggest bank by market value, posted a 13 per cent drop in second-quarter earnings, its fourth consecutive quarterly drop. The earnings fell as costs increased and the lender made further provisions on state-linked debt.

Bank Sohar first half profit soars

Bank Sohar has performed well in all key financial parameters. Net interest income jumped 19.51 per cent to RO20.009 million in the first half of this year, from RO16.742 million for the period ended June 30.

National Bank of Fujairah operating profit up 16.7%

Growth in core businesses continue to strengthen the base for Bank's future

France's biggest listed bank eyes sale of Egypt retail operations

Both the sources said talks for the asset disposal by the French lender are at very early stages.

HSBC named the World’s Most Valuable Banking Brand in 2012

This strong performance from the London-based banking giant stood out in its region; European banks performed miserably, making up 16 of the 20 “fallers” on the table.

Retail Banking