Alvarez & Marsal releases Q2 2026 UAE Banking Pulse

Lending growth moderated to 4.2% Quarter-on-Quarter (QoQ), while deposits grew by 2.3% QoQ Operating income contracted by 1.2% QoQ, while cost-to-income ratio increased to 27.9%. However, lower credit impairment charges and recoveries supported earnings, driving a 2.7% QoQ increase in sector net income Asset quality remained resilient, with NPL ratio…