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Mashreq’s net profit in the first half increase by 14% to AED 4bln
Income growth of 20% year-on-year: Net Interest Income grew with 17% driven by a substantial expansion of the balance sheet supported by healthy client margins. Non-interest income saw a marked increase of 26% over prior year and contributed a noteworthy 31% to the total operating income. Strong balance sheet growth:…
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Source: Mashreq