Al Muqaira Bank reports 271 million dirhams in profits for first half of the year
Al Qusais Bank achieved a net profit of 271 million dirhams in the first half of 2026, marking a 13.6% decrease compared to the same period last year when profits amounted to 314 million dirhams. Meanwhile, the bank's assets increased by 5% to reach 24.1 billion dirhams, and customer deposits rose by 29% to 17.13 billion dirhams. Loans grew by 4% to 8.81 billion dirhams, with the deposit-to-loan ratio remaining stable at 197%. The bank faces challenges related to declining interest rates but continues to diversify its sources of income and enhance financial efficiency to support the stability of its financial performance.
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