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Profitability

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

Operating income grew by 9% to reach $5.5 billion, reflecting QNB’s ability to maintain growth across diverse revenue sources

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

Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023

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

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

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

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

First Abu Dhabi Bank posts 6% rise in Q1 profit to AED 4.2 billion

The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio

RAKBANK’s Q1 2024 profit jumps 39.7% to AED 629 million

Net interest income at AED 879.5 million is up 11.5% year-on-year, supported by a robust fee income of AED 294.9 million

Emirates NBD’s Q1 2024 profit surges 67% to AED 6.7 billion

The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier

NBK-Egypt reports EGP 4.02 billion in annual net profit

Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023

Egypt’s FABMISR reports 131% increase in full-year profit

The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022

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