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Revealed: Top 10 UAE Bank Profits In Q3 2012

Revealed: Top 10 UAE Bank Profits In Q3 2012

Gulf Business brings you the top 10 banks in the UAE with the heftiest third quarter profits this year.

The UAE’s banking sector has stabilised and has a high solvency sheet in accordance to the Basel III criteria, the country’s central bank governor, Sultan bin Nasser Al Suwaidi said last week.

Banks operating in the country enjoy a solid capital base, he said.

At the end of October 2012, the volume of banking assets in the country reached $476 billion, deposits reached $316 billion and the volume of lending hit $296 billion, Al Suwaidi added.

The banking sector saw a total net profit of $6.7 billion by the end of October. Out of the 23 national banks in the UAE, Gulf Business reveals the top 10 banks that saw the highest third quarter net profit figures.

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