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GCC: Banking assets surge 12.2% to $1.1 trillion in first quarter

Driven by UAE banks, net profits of GCC lenders jumped 9.3 per cent year on year in the first quarter to $5.1 billion mostly due to higher net interest income and non-interest income. Banks in the UAE were the best regional performers in the first quarter by recording 13.6 per…

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Click here to read the full story: Khaleej Times

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