Mashreq's 9M 2024 profit before tax rises 9% YoY to AED 6.5bln, reflecting strong business activity in a healthy business environment
Increased operational activities drives revenue growth: Net Interest Income (NII) increased by 13% year-on-year, propelled by sizable balance sheet expansion and sustained healthy client margins. This growth underscores our effective asset-liability management and strategic focus on core lending activities. In addition, non-interest income surged by 21% compared to the previous…
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Source: Mashreq