Private Banking

Lebanese banking thrives in tough economic conditions

The Lebanese banking sector has a reputation for strong solvency and reliability – and has been integral to the country’s economic growth

The Lebanese banking sector has always been the cornerstone of the country’s economy, remaining resilient throughout the various crises that have shaken the country, the region, and the world over the years, and constituting a solid foundation for an em...

Bangladeshi economy: inclusive finance key to real growth

The Bangladesh economy is on course for sustainable growth, spurred by socially inclusive financing practices

The Bangladeshi economy has been undergoing real GDP growth of more than six percent on average for more than 12 years now (see Fig. 1), despite ups-and-downs in the global economy: notably, the global financial crisis and the subsequent growth slowdown, ...

Banorte grows in spite of Mexico’s slow economy

When Mexico’s economy slowed, Banorte reacted quickly. The bank’s performance has been strong as a result

Mexico has been facing headwinds during 2013, with a lower rate of economic growth as a result of reduced government spending, lower construction and infrastructure development, a contraction in consumption and retail activity, and weaker foreign trade. ...

Bank Aljazira: embracing sharia banking principles

Nabil Al-Hoshan, Managing Director and CEO of Bank Aljazira, discusses his company’s sharia-compliant philosophy, and the products it offers therein

Bank Aljazira (BAJ) in Saudi Arabia has a long heritage that goes back more than 36 years. During that time, BAJ has undergone several key transformations to become the bank it is today. Despite global economic challenges, BAJ put in place a number...

TEB Private Banking launches angel investment platform

Encouraging investment in business start-ups should help build Turkey’s economy and promote entrepreneurship in the country

TEB Private Banking (TEB Private) has provided entrepreneurs and the world of private banking with a new point of view. World Finance spoke to Gökhan Mendi, the company’s Senior Assistant General Manager of Retail and Private Banking Group, about its b...

Financial markets in the UAE are strong, and the growing worldwide influence of Sharia-compliant banking will only further their prominence

UAE financial markets ‘a bridge between East and West’

Financial markets in the UAE are strong, and the growing worldwide influence of Sharia-compliant banking will only further their prominence

The Dubai Financial Market and the Abu Dhabi Securities Exchange are ranked among the best performing markets in the world for 2013. World Finance spoke to Fathi Ben Grira, CEO of MENACORP, about his company’s operations. What is your analysis of th...

With its young population and prime location, Turkey is now seeing increased interest from international firms wanting to make the most of its new potential

Turkey’s banking sector enters 21st century

With its young population and prime location, Turkey is now seeing increased interest from international firms wanting to make the most of its new potential

Turkey is a country with a history of boom and bust, and its government has spent the last few years doing its best to pursue a more prudent economic model. However, while it has looked to stabilise things, it is also keen to attract higher levels of fore...

World’s first Islamic bank continues to drive industry

Nearly 40 years after it pioneered the concept, Dubai Islamic Bank is still setting the benchmark in Islamic finance

Dubai Islamic Bank (DIB) created history in 1975 when it became the first modern commercial Islamic bank in the world. Since then the bank has led from the front, establishing itself as the undisputed leader in the UAE’s Islamic banking industry, while ...

Latin American banks need to embrace mobile technology

While Latin America has maintained solid macroeconomics, to keep ahead of the curve the region’s banking industry now has to adapt to mobile technology

Many banks in Latin America are facing major challenges, while going through one of the most prosperous economic periods in recent history. Despite the global turmoil affecting the US, Asia and most of Europe, Latin America has maintained stable fiscal re...

Bangladesh has gone through an extensive restructuring of its economy. Since the 1970s it has been fighting to modernise its systems, produce top entrepreneurs and broaden the base of investments in the country – and the hard work is paying off

ICB sees Bangladeshi economy go from strength to strength

Bangladesh has gone through an extensive restructuring of its economy. Since the 1970s it has been fighting to modernise its systems, produce top entrepreneurs and broaden the base of investments in the country – and the hard work is paying off

Since 1976, the Investment Corporation of Bangladesh (ICB) has been a catalyst in fostering rapid economic growth. Now the local economy is growing at full tilt, with the ICB reaping the financial rewards. Bangladesh’s economy grew by above six percent ...

Islamic banking set to change financial markets

Sharia-compliant banking is growing in many regions, and not just in Islamic nations. The UK recently announced a £200m Sukuk bond, and other countries are sure to follow

On October 29, 2013, British Prime Minister David Cameron announced that the UK would issue a £200m sovereign Sukuk in 2014, making the UK the first Western nation to do so. As if to say, “Why not?”, the UK, with this announcement, has given a much-n...

Well-established financial institutions are increasingly looking to comply with sharia law, fuelling the growth of Islamic finance around the world

KIB remains focused on booming sharia market

Well-established financial institutions are increasingly looking to comply with sharia law, fuelling the growth of Islamic finance around the world

More and more financial institutions are emerging that offer the full range of Islamic banking products. But while many of these firms have been set up for this purpose alone, some well-established banks are changing the way they do business in order to b...

A new era of transparency in Luxembourg

Tidy, quiet Luxembourg – smaller than the smallest US state and richer, per capita, than nearly every other nation on Earth – has lately found …

Tidy, quiet Luxembourg – smaller than the smallest US state and richer, per capita, than nearly every other nation on Earth – has lately found itself in the very last place it wants to be: in the global spotlight. Since the government announced in Apr...

Credit Libanais: The Lebanese bank that’s soaring ahead

Lebanese bank Credit Libanais has developed its services monumentally over the last year

The curtains have closed on an agitated 2012, leaving behind a multitude of unanswered questions for many banks. In the midst of these turbulences, Lebanese banks continued to reaffirm their apparent immunity to crisis, despite local and regional troubles...

GFNorte increases Mexican spread

Since the acquisition of Afore Bancomer, GFNorte’s banking subsidiary Banorte has become Mexico’s largest pension fund manager, serving more than 12 million customers and counting

Grupo Financiero Banorte (GFNorte) is the third-largest financial group in Mexico in terms of deposits and loans, and one of the country’s most profitable financial institutions over the past decade. The company’s Assets Under Management (AUM) have po...

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