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Profitability

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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Banking & Finance

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

MEA Finance - 0
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio
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Banking & Finance

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

MEA Finance - 0
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
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Banking & Finance

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

MEA Finance - 0
The group’s asset base surpassed AED 900 billion as retail lending had its strongest-ever quarter and corporate lending closed landmark deals
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Banking & Finance

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

MEA Finance - 0
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
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Banking & Finance

NBK-Egypt reports EGP 4.02 billion in annual net profit

MEA Finance - 0
Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
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Banking & Finance

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

MEA Finance - 0
The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022
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