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UAE's biggest bank FAB’s Q4 net profit falls 26%; misses estimate
The UAE’s biggest lender First Abu Dhabi Bank (FAB) posted a Q4 2022 net profit of 2.46 billion dirhams ($ million), 26% lower year-on-year (YoY) as impairment charges and operating expenses soared. For FY 2022, the bank made a net profit of AED 13.41 billion, 7% higher YoY. The efforts…
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