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Abu Dhabi Commercial Bank — Moody's – Large UAE banks see sharp but manageable drop in profits for 2020, driven by low rates and rising provisions

» The United Arab Emirate's four largest banks drop in net profits reflects high loan-loss provisions, lower interest rates and a non-recurring gain in 2019 at ENBD » Moody's expects profitability in 2021 to remain under pressure The four largest banks in the United Arab Emirates (UAE) reported a combined…

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