21 Hrs
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الخليج
Investment Bank's Profits Rise 52% to 74.6M AED
The Investment Bank in the UAE achieved a semi-annual profit of 74.6 million AED, a 52% increase compared to the same period last year. Net interest income also rose significantly by 111% to reach 164 million AED. The bank’s assets grew by 27% to 16.1 billion AED, while its loan portfolio increased by 49% to 8.8 billion AED, with retail loans expanding substantially by 73% to exceed one billion AED. Customer deposits also increased by 30%, reaching 13.3 billion AED. Operating income saw a remarkable rise of 78%, totaling 259 million AED, and the net interest margin improved to 2.2. The bank has invested in technology and talent to ensure future growth, while maintaining a strong liquidity position.
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