Close Menu
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

June 4, 2025

Eid Al Adha Fireworks 2025: Top Spots to Watch the UAE Light Up

June 4, 2025

Eid Al Adha 2025: Rent a Car for Just AED1 with SelfDrive’s New App Offer

June 3, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
Dubai.News: Stay Updated With The Latest UAE & Global News
Subscribe Login
  • WORLD
  • UAE
  • Business
  • Entertainment
  • Lifestyle
  • Sports
Dubai.News: Stay Updated With The Latest UAE & Global News
  • Home
  • UAE
  • Middle East
  • WORLD
  • Entertainment
Home - UAE - Mashreq’s Net Profit Surges 14% to AED 4 Billion in H1 2024
UAE

Mashreq’s Net Profit Surges 14% to AED 4 Billion in H1 2024

Suhail HasanBy Suhail HasanJuly 26, 20241 Min Read
Share Facebook Twitter WhatsApp Email LinkedIn Telegram
wam

The banks consolidated net profit has risen by a YoY rate of 14 percent to reach AED 4 billion in the first half of 2024. On an annualised basis, its total assets increased by 11% and net interest income was up 17% YoY. Also, non-interest income have been reported to increase significantly to reach AED 1. 9 billion; thus, it has demonstrated YoY growth of 26 percent. Its Net Profit Before Tax also increased by 24% YoY being at AED 4. 5 billion.

Operating profit rose by 21 percent compared with the same period in 2023: from AED Million 3,700 to AED Million 4,500. The Chairman of Mashreq, Abdul Aziz Al Ghurair said that due to better performance of the UAE economy and competitive investment environment, the bank has delivered good results. He pointed out very good levels of capital adequacy and rising foreign investment portfolio backed by falling inflation and sound micro economy balances in the nation.

Al Ghurair stated that he has confidence in Mashreq’s strategic plan and prospects of the bank to improve customer satisfaction, internal efficiencies, and risk management frameworks because it has to continue with the pace of growth in 2024.

Print Friendly, PDF & Email
Share. Facebook Twitter WhatsApp Email Copy Link
Previous ArticleAI in Hollywood: Execs from Nvidia, Amazon, Microsoft, and Paramount Spotlight 9 Startups Transforming the Industry
Next Article Salem Saleh Wins Gold at 2024 Biel International Chess Festival’s Challengers Triathlon
Suhail Hasan

Suhail Hasan is a British businessman and entrepreneur who is the COO of Fame and guest author of Dubai News.

Related Posts

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

June 4, 2025

Eid Al Adha Fireworks 2025: Top Spots to Watch the UAE Light Up

June 4, 2025

Eid Al Adha 2025: Rent a Car for Just AED1 with SelfDrive’s New App Offer

June 3, 2025

Eid Al Adha Travel: All the Ways to Visit Oman from the UAE

June 3, 2025
Demo
Just In

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

June 4, 2025

Eid Al Adha Fireworks 2025: Top Spots to Watch the UAE Light Up

June 4, 2025

Eid Al Adha 2025: Rent a Car for Just AED1 with SelfDrive’s New App Offer

June 3, 2025

Eid Al Adha Travel: All the Ways to Visit Oman from the UAE

June 3, 2025
  • Twitter
  • Instagram
Don't Miss
Things To Do

Eid Al Adha 2025: Dubai Parks and Abattoirs Extend Hours for Holiday Visitors

Dubai will be offering longer park hours, different recreational events and safe services at abattoirs…

Print Friendly, PDF & Email

Eid Al Adha Fireworks 2025: Top Spots to Watch the UAE Light Up

June 4, 2025

Eid Al Adha 2025: Rent a Car for Just AED1 with SelfDrive’s New App Offer

June 3, 2025

Eid Al Adha Travel: All the Ways to Visit Oman from the UAE

June 3, 2025

Subscribe to Updates

Get the latest updates from Dubai News.

About Us
About Us

Dubai News (Formerly Fame News) is a leading news platform founded by Sheeraz Hasan, covering UAE and international news, entertainment, and technology. It is a sister concern of Fame by Sheeraz.

Email Us: sheeraz@fame.me

Facebook X (Twitter) Instagram

Subscribe to Updates

Get the latest news from Duabai News about UAE and international news, entertainment, and technology.

Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Policy
A Fame By Sheeraz Media Company.

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?