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Alvarez & Marsal-Releases FY2023 UAE Banking Pulse
Customers reacted to benefit from high rates, with deposits growing by 13.4 percent, faster than loans & advances (L&A) of 9.0 percent in FY’23. Profitability of top 10 lenders jumps by 28.8 percent year-on-year (YoY) for FY’23, on the back of rising interest rate scenario. As 2024 unfolds, the sector…
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