Topic
UAE Banking
Stories tagged UAE Banking
United Arab Bank Posts 30% Profit Growth in 2024
United Arab Bank (UAB) posted a 30% rise in net profit for 2024, reaching AED 331 million — up from AED 255 million in 2023 — driven by 22% total asset growth, a 33% jump in customer deposits, and a Moody's upgrade to Baa3.
5 Feb 2025
Mashreq Bank H1 2024 Net Profit Rises 14% to AED 4 Billion
Mashreq Bank reported a 14% year-on-year rise in net profit to AED 4 billion for H1 2024, with net profit before tax climbing 24% to AED 4.5 billion. Operating profit grew 21%, non-interest income surged 26% to AED 1.9 billion, and return on equity reached 27.6%.
26 Jul 2024
Dubai Islamic Bank H1 2024 Pre-Tax Profit Tops $1 Billion
Dubai Islamic Bank reported strong H1 2024 results, with pre-tax profit climbing 18% year-on-year to AED 3.7 billion — surpassing the $1 billion mark — while total income rose 21% to AED 11.3 billion, driven by robust UAE economic growth.
24 Jul 2024
Muthoot Finance Eyes Dubai Expansion for Indian Expats
Muthoot Finance, India's biggest gold lender, is expanding into Dubai to offer cross-border banking and remittance services for the UAE's Indian community, estimated at over 3.91 million as of May 2024, following the company's record FY24 performance.
3 Jun 2024