The bank’s robust performance was driven by double-digit growth across all business divisions, supported by diversified revenue streams, strong client activity
FAB said its latest Blue Bond reflects growing collaboration between the public and private sectors to drive climate-resilient infrastructure and sustainable economic growth in the UAE and beyond
In the second quarter of the year, net profit rose 29 per cent to Dhs5.51bn compared to Q2 2024, the bank shared
The stablecoin is intended for use across a wide range of applications, from individual consumer payments to advanced digital use cases such as AI and machine-to-machine transactions
The results come as FAB undergoes a restructuring aimed at strengthening its business in the Gulf and boosting shareholder return
FAB’s capital and liquidity positions remained strong, with a common equity tier 1 (CET1) ratio of 13.7 per cent and a liquidity coverage ratio (LCR) of 142 per cent
The German lender outbid other international candidates for the soured loans, but it is not yet clear how much it will pay for the loan book
FAB’s EOSB Funds also simplify the administrative process for employers, enabling them to register through the bank’s EOSB online portal
The bank’s total assets surged to Dhs1.2tn, reflecting a 5 per cent growth over last year
ADQ is fully owned by the Abu Dhabi government, which holds more than 90 per cent of the United Arab Emirates’ oil reserves
The bank’s profit before tax grew by 15 per cent year-on-year to Dhs10bn
The UAE’s biggest lender by assets categorically denied that it is evaluating any possible offer for a stake in Yes Bank
MENA countries have made significant progress in empowering women economically, politically, and socially, and considers women to be key partners in sustainable growth
The final details of the potential deal for Turkey’s fourth-biggest private bank are being hammered out after months of negotiations
FAB has held early exploratory talks with owners of several Turkish banks
The bank opened its fully licenced branch in mainland China in 2022 and grew its business there by 50 per cent in 2023
The loan will be used to finance projects and investments that adhere to the cooling firm’s green finance framework
The banking group is expanding its target to include transition financing projects and early-stage innovative climate solutions such as green hydrogen
The banking group’s operating income reached Dhs7bn in Q3 2023, a 27 per cent YoY increase compared to Dhs5.5bn in the third quarter of 2022
Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties
The project is being financed by a group of nine local and international banks, through a combination of commercial and Islamic finance facilities
The banking sector is playing a crucial role in combating climate change by providing green financing and supporting climate initiatives
The country’s banks continue to stand on firm financial ground and are poised to navigate through the broader macroeconomic landscape
The move will see Aldar Estates integrate a property management portfolio of 22,000 residential units across 600 properties within its platform
The banking group’s operating income reached Dhs6.8bn in Q2 2023, a 37 per cent YoY increase from the same period a year earlier
Strong capital buffers have supported the UAE financial services sector over the years and banks are re-articulating their value proposition to thrive in the new digital environment
The programme allows companies to monetise their receivables at competitive rates and get instant payments, without needing to borrow funds
The banking group’s operating income jumped 51 per cent YoY to reach Dhs6.7bn compared to Dhs4.5bn in the first quarter of 2022
The company’s full-year net profit surged by 22 per cent year-on-year to Dhs2.74bn while its revenues rose by 54 per cent to Dhs32bn
The bank’s total income stood at Dhs23.9bn, increasing 10 per cent year-on-year, compared to Dhs21.7bn recorded in 2021