Top 5 UAE banks’ combined annual net profit rises to $11.5bn in 2022
First Abu Dhabi Bank, Emirates NBD, Dubai Islamic Bank, Abu Dhabi Commercial Bank and Mashreq Bank – posted a combined annual net profit of $11.5bn (Dhs42.1bn) in 2022, driven by higher interest rates and business volumes which boosted overall income. S&P Global said that net interest income – the difference…
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