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Profitability

Banking & Finance

FABMISR posts 139% surge in first-half net profit

MEA Finance - 0
Customers’ deposits rose by 39% to EGP 278.7 billion compared to December 2023
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Banking & Finance

Bahrain’s GFH Financial Group posts $60.75 million in H1 2024

MEA Finance - 0
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
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Banking & Finance

Gulf International Bank posts $41 million in Q2 2024

MEA Finance - 0
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
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Banking & Finance

RAKBANK posts record AED 1.1 billion half-year profit

MEA Finance - 0
The bank's net interest income, including income from Islamic products net of distribution to depositors, reached AED 1.8 billion
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Banking & Finance

Mashreq’s net profit in H1 2024 increases 14% to AED4 billion

MEA Finance - 0
The bank’s non-interest income rose to AED 1.9 billion, demonstrating a robust 26% growth YoY
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Banking & Finance

Ajman Bank posts AED 233 million in H1 2024 net profit

MEA Finance - 0
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion
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Banking & Finance

QNB Group’s half-year profit jumps 7% to $2.2 billion

MEA Finance - 0
Operating income grew by 9% to reach $5.5 billion, reflecting QNB’s ability to maintain growth across diverse revenue sources
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Banking & Finance

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

MEA Finance - 0
Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023
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Banking & Finance

State-backed digital bank Wio Bank’s annual profit reaches $544,588

MEA Finance - 0
Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end
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Banking & Finance

Bank of Sharjah reports net profit of AED80 million in Q1 2024

MEA Finance - 0
The bank’s robust metrics result from strict adherence to a focused approach to funding, lending, and operational effectiveness
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