Bloomberg A jump in mortgages and a recovery in Saudi Arabia’s economy may help Al Rajhi Bank, the kingdom’s second-biggest lender, reverse a decline in lending. Overall lending may improve to show “low single-digit” growth this year and increase to match historical levels of expanding in mid-single digits from 2019, Chief Executive Officer Steve Berta mini said in an interview ...

Bloomberg About six months after UBS Group AG decided to merge its wealth management businesses into one super-unit, rival Credit Suisse Group AG is said to be taking a different approach. The bank plans to split its key international private banking unit into seven regions from four, with each having its own management and greater decision-making power, according to people ...

MANAMA / Emirates Business Ithmaar Holding BSC, a Bahrain-based financial institution, and its wholly-owned subsidiary, Ithmaar Bank BSC, a Bahrain-based Islamic retail bank, each announced their financial results for the first half of 2018 with both reporting profits for the period. The announcement by the Ithmaar Holding Chairman His Royal Highness Prince Amr Al Faisal, who is also the Ithmaar ...