FINANCIAL NEWS

Listed banks in UAE record up to USD5bn net profit in H1

12 Aug 2017

(MENAFN) A whole of 19 listed banks in the UAE recorded net profit of USD5.17bn amid the Jan-June period of this year, a 3.8 percent increase from almost Dh18.3bn in the same period of 2016.

Moreover, the gains show the banking sector’s resilience and ability to cope with the fast-paced, multifaceted development by the national economy.

In addition, 12 banks listed at Abu Dhabi Securities Exchange recorded net profit of Dh11.22bn amid the period of the year, an increase of 2.3 percent.

Meanwhile, at Dubai Financial Market, seven banks issued H1 net profits of Dh7.87bn, a jump of 7.8 percent from Dh7.3bn amid the same period of 2016.

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MENAFN1208201700450000ID1095722229

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