24 Hrs
Source:
الاتحاد
Moody's reports UAE banks' strong profits
Moody's credit ratings agency has reported that UAE banks will continue to achieve strong profitability growth throughout the second half of 2026, supported by lending expansion, revenue diversification, and the capital expenditure cycle. The banking sector performed exceptionally well in the first half, with the top five banks collectively posting net profits of AED 38.1 billion, an increase of 7.8% compared to the same period last year. This was driven by an 11% rise in interest income and robust performance across non-interest income sources. Banks also maintained a high operational efficiency, with a decline in non-performing loan ratios and improved asset quality, with expectations of sustained strong performance until the end of 2026.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)