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UAE's biggest bank FAB posts 4% rise in FY 2024 net profit; beats estimate
The UAE’s biggest lender First Abu Dhabi Bank posted a 2024 net profit of 17.1 billion dirhams ($4.6 billion), 4% higher year-on-year (YoY) as a rise in operating income offset higher impairment charges. For Q4 2024, the lender made a net profit of AED 4.18 billion, 4% higher YoY. The…
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