Operating Profit up 12% YoY to AED 2.5 billion, reflecting a highly efficient operating model Broad-based revenue growth across key businesses translating into strong earnings quality with AED 2.1 billion in pre-tax Net Profit and pre-tax ROTE of 21% Disciplined balance sheet growth with net financing and sukuk investments up 3% YTD to AED 364 […]
Al-Bahar: NBK’s performance underscores the strength and resilience of its business model amid heightened regional and global uncertainty Our strong operational efficiency and disciplined execution enabled us to navigate a rapidly evolving geopolitical landscape with confidence The Bank continues to reinforce its position as a trusted partner in supporting national economic stability and delivering sustained […]
Abu Dhabi, United Arab Emirates; 24 April 2026: The Abu Dhabi Securities Exchange (ADX) Group has expanded its post-trade ecosystem with the addition of First Abu Dhabi Bank (FAB) as a General Clearing Member (GCM), marking a key step in advancing its market infrastructure to support greater institutional and international participation. FAB joins a growing […]
Strong first quarter performance delivered by the effective implementation of strategy, resilient business model and operational continuity through the period. Net profit after tax of AED 3.361 billion translated to a RoAE of 16.3% Increasingly diversified revenue streams driving 18% YoY and 7% QoQ growth in operating income, with higher contribution from non-interest income, which was up 36% […]
Emirates NBD on Tuesday announced a profit before tax of Dh8.2 billion, up six per cent year-on-year, driven by strong balance sheet growth, resilient margins and record non-funded income growth. Dubai’s largest bank reported total income of Dh14.4 billion, an increase of 21 per cent year-on-year. Its net profit grew 27 per cent quarter-on-quarter to […]
The central bank also flagged data residency concerns, noting that information shared via such platforms could be stored or processed outside the UAE, potentially breaching local regulations. The Central Bank of the UAE has directed all banks and licensed financial institutions in the country to immediately stop using instant messaging platforms such as WhatsApp for financial […]
Group total assets up 6% year-to-date exceeding USD 400 billion for the first time RoTE remained firmly above medium-term guidance at 17.8% Abu Dhabi: First Abu Dhabi Bank (FAB) the UAE’s global bank and one of the world’s largest and safest financial institutions reported strong results for the first quarter of 2026. Operating income increased by […]
Kuwait: Reinforcing its position as one of the region’s leading financial institutions in asset management and investment banking, Kuwait Financial Centre “Markaz” announced that its Investment Banking team has won the “Best Investment Bank in Kuwait” award from Global Finance. This recognition marks Markaz’s 13th award from Global Finance, extending a track record of continued recognition […]
Dubai, UAE: RAKBANK has reported a record quarterly profit after tax of Dh1 billion for the first quarter of 2026, reflecting a 43% year-on-year increase, driven by strong balance sheet growth and a one-off gain from a business divestment. The bank’s performance was bolstered by a Dh473 million gain from the sale of its merchant […]
MANAMA, Bahrain: Singapore Gulf Bank (SGB) today announced the launch of its stablecoin mint and redeem service. Corporate and high-net-worth clients can now convert between fiat and stablecoins directly from their SGB accounts, enabling instant, 24/7 settlement without relying on traditional correspondent banking flows. To support the launch, in a banking industry first, SGB will waive […]