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Net interest income, lower provisions boost GCC banks' profits
Net earnings of GCC banks increased 8.8 per cent year-on-year to $5.8 billion Dh21.286 billion in Q2 2015, mostly due to higher net interest income and a drop in provisions. Net profit of banks in the Kuwait increased the most 15.1 per cent YoY, followed by UAE 13.1 per cent…
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