Net Income Of Abu Dhabi Banks Amounts To AED16.6 Billion in H1 2018Source: www.export-egypt.com 9/9/2018, Location: Middle East |
|
|
|
|
|
The net income of commercial and Islamic banks operating in the emirate of Abu Dhabi amounted to AED16.6 billion during H1 of 2018, a growth of 8.4 percent over the corresponding period last year.
The increase comes in line with the growth recorded across the UAE banking sector according to the statistics issued by the Central Bank of the United Arab Emirates. The net profits of Abu Dhabi-based banks increased to AED10.4 billion during the first six months of the year, up 7.2 percent over the same period in 2017. According to banking analysts, the profits of four Abu Dhabi-based banks (FAB, ADCB, Union National Bank & ADIB) have exceeded expectations, with the four banks displaying a very positive performance. According to figures published by the Statistics Centre-Abu Dhabi, the net profits of commercial banks during the first six months of the year reached AED16 billion, an increase of 10.5 percent over the same period last year. The net investment income of banks operating in the UAE capital stood at AED2.5 billion during the first half of the year, a rise of 20 percent from AED2.1 billion as compared to the same period in 2017. The net income of Sharia-compliant banks remained at AED2.262 billion during H1, which is the same level recorded during the corresponding period last year. |
|
|
Financials and Investment News in United Arab Emirates >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| United Arab Emirates Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | |
