Tuesday 16 October 2018
 
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UAE banks

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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Term deposits in UAE banks surge 15pc to $52bn

The 6-12 month term deposits in UAE banks surged to around Dh190 billion ($51.7 billion) during the first four months of the year, a 14.9 growth from Dh165.3 billion by the end of 2017, a media report said. The growth is attribute

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19 listed UAE banks post $2.9bn in Q1 profit

Nineteen UAE banks posted Dh10.7 billion ($2.9 billion) in net profit during Q1 2018, up 12.3 per cent from Dh9.52 billion during the same period in 2017, according to official figures released recently. Banking analysts attribute

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UAE bank credit to industries hits $2bn in two months

Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months of the year, marking a growth of 1 per cent over the end of last year, a media report said. This brings

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UAE bank credit to industries hits $2bn in two months

Lending by UAE banks for industrial and business operations amounted to Dh7.4 billion ($2 billion) during the first two months of the year, marking a growth of 1 per cent over the end of last year, a media report said. This brings

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UAE gross bank assets reach $733 billion

The UAE gross bank assets, including bankers’ acceptances, reached Dh2.688 trillion ($733 billion) at the end of January, reflecting a 0.3  per cent fall from Dh2.695 trillion at the end of prior-month, figures by the UAE Central Bank

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UAE banks' assets hit $734 billion in 2017

The UAE-based banks' total assets surged to Dh2.693 trillion ($734 billion) at the end of 2017 from Dh2.642 trillion by the end of Q3 in the same year, continuing to lead GCC-based banks in terms of assets for the third year running.

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Interest growth boosts UAE banks profits: Moody’s

Strong growth in net interest, as well as fee and commission income, helped the four largest banks in the UAE report higher net profit in the fourth quarter despite higher provisioning and operating costs, said Moody’s in a

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