Wednesday 21 February 2018
 
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UAE banks

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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Currency in circulation outside UAE banks tops $18bn

Funds in circulation outside UAE-based banks amounted to Dh67.5 billion ($18.4 billion) in 10 months of 2017, a growth of 8.3 per cent from Dh62.3 billion by the end of 2016, a media report said. Currency in circulation outside ba

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UAE banks post profits of $7.8bn in nine months

Banks operating in the UAE posted profits of Dh28.8 billion ($7.8 billion) during the first nine months of 2017, a growth of 8 per cent over the corresponding period last year, said the Governor of the UAE Central Bank. Mubarak Ra

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UAE banks top GCC peers with $720bn in assets

The asset value of 48 banks operating in the UAE amounted to around Dh2.3 trillion (US$720 billion) by the end of September, according to UAE Central Bank statistics. This proves that the UAE banking system's solvency profile

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Assets of UAE traditional banks hit $571bn

The assets held by traditional banks operating in the UAE surged to Dh2.103 trillion ($571 billion), accounting for 79.6 per cent of the total assets of the country's banking apparatus until the end of September, a report said.

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UAE bank deposits hit record $209bn in September

Term and savings deposits in both local and foreign currency in the UAE banks amounted to a total of Dh768.3 billion ($209.14 billion) in September against Dh752.3 billion in August, increasing by around Dh16 billion, amounting to, according to

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UAE banks lead GCC with $723 billion in assets

The UAE banking system has been ranked the top banking sector in the Gulf region in terms of assets in the first half of 2017, while the total assets of the 48 banks operating in the country reached Dh2.66 trillion ($723 billion) for 2016.

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Term deposits in UAE banks rise by $5.4bn

Medium and long-term deposits in UAE banks increased by Dh19.9 billion ($5.4 billion) by the end of the first seven months of 2017, bringing to Dh210 billion the total deposits held the banking sector, a growth of 7 per cent over the correspondi

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UBF launches threat intelligence sharing platform

The UAE Banks Federation (UBF), comprising 48 member banks operating in the UAE, has launched its first Information Sharing and Analysis Center (ISAC), powered by Anomali, provider of market-leading threat intelligence platforms.

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Large UAE banks set to post solid profitability: Moody’s

Profitability at the four largest UAE banks will remain solid in the next 12 to 18 months underpinned by solid interest income, despite pressure on fee and commission income, said Moody's Investors Service in a new report. The

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