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UAE banks’ Q1 profit surges 35%: Alvarez & Marsal
UAE banks’ profitability grew by 35 percent in Q1 from the previous quarter due to enhanced cost efficiencies and lower impairment charges as well as a rise in non-core income, a report said. Incremental deposit growth outstripped credit growth for the first time since Q1’22 amidst monetary tightening, added the…
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