Thursday 21 February 2019
 
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UAE banks

UAE bank deposits outvalue loans by $23bn

Deposits outvalued loans at UAE-based banks by Dh85 billion ($23 billion) during the first 11 months of 2018, a media report said, citing the Central Bank of United Arab Emirates. The Eligible Liquid Assets Ratio rose by the end o

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UAE banks 'pumped $24bn into Saudi Arabia, Egypt'

The investment of UAE’s banks in Saudi Arabia and Egypt reached Dh87.2 billion ($23.7 billion) at the end of the third quarter of 2018, representing 12.5 per cent of the total assets invested abroad, which amounted to about Dh693 billion (

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UAE banks' foreign reserves hit record $110bn

The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the same month last year, a media report said.

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UAE conventional bank assets hit $620bn

The assets of UAE conventional banks (CB) amounted to around Dh2.275 trillion ($620 billion), accounting for 79.7 percent of total banking assets by the end of November 2018, a media report said. Sharia-compliant banks accounted f

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UAE gross bank assets surge 6pc to $776bn

The UAE gross bank assets amounted to Dh2.854 trillion by the end of November, up 6 per cent from Dh2.694 trillion by the end of December 2017, according to Central Bank of UAE statistics released yesterday.   Gr

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UAE banks handle cheques worth $326bn in 11 months

A total of 22.5 million cheques worth Dh1.2 trillion ($326 billion) were handled by the UAE Clearing Cheque System during the first eleven months of 2018, according to statistics released today by the Central Bank of United Arab Emirates (CBUAE)

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UAE banks issue $3.3bn worth letters of credit

The value of letters of guarantee issued by UAE banks to their customers amounted to Dh12.2 billion ($3.3 billion) during the first eight months of the year, bringing to Dh96.8 billion the total value of these letters, a media report said.

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UAE banks lead Gulf peers with $748bn in assets

The UAE banking sector has continued to top other GCC counterparts in terms of assets value during the first half (H1) of 2018, with a total value of Dh2.7 trillion ($748 billion), a growth of 2 per cent compared to the end of 2017, a media repo

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Profitability ‘stable for UAE’s 4 top banks in 2019’

Higher net interest income and lower provisions drove profits higher for the four largest banks in the UAE in the second quarter (Q2) of 2018 with profitability likely to remain stable into 2019, Moody’s said in a new report.

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Capital, reserves of UAE banks hit $90bn in Q2

The aggregate capital and reserves of banks operating in the UAE increased by 4.4 per cent, reaching Dh330.2 billion ($90 billion) by the end of Q2 2018 compared to a 1.5 per cent increase at the end of the same period of 2017, a media report sa

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