#Deposits

CBUAE banks savings deposits

UAE banks’ savings deposits at Dhs268.6bn for June 2023

The central bank’s statistics showed these savings deposits increased by 5.8 per cent on a monthly basis

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Abu Dhabi Islamic Bank reports 55% rise in net profit for 2022

The lender reported revenue worth Dhs6.8bn in 2022, up 23 per cent year-on-year

National Bank of Kuwait reports $1.7bn in net profit for 2022

The lender’s board of directors proposed a cash dividend of 25 fils per share for the second half of 2022, bringing total cash dividends for the year to 35 fils

First Abu Dhabi Bank reports highest ever net profit in 2022

First Abu Dhabi Bank reports highest ever net profit in 2022

The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021

UAE Central Bank

UAE bank deposits grew 80 per cent in 10 years

The number of commercial banks operating in the UAE totalled 58 in 2020 against 51 in 2010

Emirates NBD

Dubai’s Emirates NBD records 55% net profit dip for first nine months of 2020

Total income for the first nine months of 2020 amounted to Dhs18.27bn