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The performance indicators of the banks during the first half showed a solid performance based on the strength, rigidity and diversification of the national economy, the rise in interest rates 4 times in 2018 and the prudent monetary policy adopted by the Central Bank and the banking departments. Financial Centers and Asset Quality) in the face of growing risks of a slowing global economy, geopolitical tensions in the region and trade wars between the world's largest economies (US, China, Europe, Japan and South Korea) ).
In the United States, the profits of 11 domestic banks increased by 20.13% to AED 21.53 billion in the first half of this year, compared to AED 17.92 billion for the same period in 2018. Emirates NBD arrives tops the list of the most profitable banks with a net profit of 7.481 billion AED With a growth rate of 49.1%, Abu Dhabi First is ranked second with 4.46% and a gain of 6.328 AED billion, followed by Dubai Islamic Bank with growth of 14.0% and net profit of AED 2.719 billion. The Ras Al Khaimah National Bank (RAKBANK) tops the list of the most profitable banks in the first half of this year compared to the same period last year, posting a net profit of 554.5 million AED. , an increase of 29%. The Commercial Bank of Dubai took second place on 25.05. Reach 702 million AED.
Performance indicators in the UAE's banking sector performed well this year thanks to strong capital and liquidity, sufficient capital and strong reserves to support the strength and soundness of its badet portfolio. its financial situation. In the first half of this year, banks operating in the United Arab Emirates provided an additional AED 36.5 billion in financing to the various sectors of the economy, for a total of AED 1.693 billion, a growth of 2.2% compared to the end of the year. Last year, the largest share of private sector financing reached A $ 1.139 billion at the end of May, representing 67.27% of the total portfolio at the end of June. The banking sector boosted its badets in the first half, adding AED 90.1 billion, up 3.14 percent to AED 2.958 billion at the end of June.
Liquidity indicators in the banking sector remain high, in line with local and international standards: despite a 1.07% increase in bank deposits, less than 2.2% growth in the financing portfolio, the volume of deposits still exceeds AED 81.6 billion. In the recent period, provide more stable financial resources by issuing bonds and long-term instruments to meet medium- and long-term work and project financing requirements, and strengthen the strength of the capital capital base. and legal, public and private reserves "as well as the size of the capital base of banks operating in the country Provisions for bad debts and overdue interests increased by 4.53% to reach 94.5 billion, while provisions overall, rose 3.8% to AED 31.7 billion at the end of May. Which financial centers strengthened and fortified banks. Performance indicators indicate that the capital adequacy of the banking sector remains strong and exceeds the requirements of the Basel Committee and the Central Bank, increasing by 17.9% at the end of March against 17.5% at the end of 2018. The liquidity ratio indicates a high liquidity ratio at 17.7% at the end of May, compared with 17.5% at the end of 2018. The ratio of capital loans to loans amounted to 82.4%, a sign of a high liquidity in the banking sector. Total total liquidity increased by 2.68%. Up by 1 645 billion dirhams at the end of June.
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In: Sunday – July 28, 2019
The performance indicators of the banks during the first half showed a solid performance based on the strength, rigidity and diversification of the national economy, the rise in interest rates 4 times in 2018 and the prudent monetary policy adopted by the Central Bank and the banking departments. Financial Centers and Asset Quality) in the face of growing risks of a slowing global economy, geopolitical tensions in the region and trade wars between the world's largest economies (US, China, Europe, Japan and South Korea) ).
In the United States, the profits of 11 domestic banks increased by 20.13% to AED 21.53 billion in the first half of this year, compared to AED 17.92 billion for the same period in 2018. Emirates NBD arrives tops the list of the most profitable banks with a net profit of 7.481 billion AED With a growth rate of 49.1%, Abu Dhabi First is ranked second with 4.46% and a gain of 6.328 AED billion, followed by Dubai Islamic Bank with growth of 14.0% and net profit of AED 2.719 billion. The Ras Al Khaimah National Bank (RAKBANK) tops the list of the most profitable banks in the first half of this year compared to the same period last year, posting a net profit of 554.5 million AED. , an increase of 29%. The Commercial Bank of Dubai took second place on 25.05. Reach 702 million AED.
Performance indicators in the UAE's banking sector performed well this year thanks to strong capital and liquidity, sufficient capital and strong reserves to support the strength and soundness of its badet portfolio. its financial situation. In the first half of this year, banks operating in the United Arab Emirates provided an additional AED 36.5 billion in financing to the various sectors of the economy, for a total of AED 1.693 billion, a growth of 2.2% compared to the end of the year. Last year, the largest share of private sector financing reached A $ 1.139 billion at the end of May, representing 67.27% of the total portfolio at the end of June. The banking sector boosted its badets in the first half, adding AED 90.1 billion, up 3.14 percent to AED 2.958 billion at the end of June.
Liquidity indicators in the banking sector remain high, in line with local and international standards: despite a 1.07% increase in bank deposits, less than 2.2% growth in the financing portfolio, the volume of deposits still exceeds AED 81.6 billion. In the recent period, provide more stable financial resources by issuing bonds and long-term instruments to meet medium- and long-term work and project financing requirements, and strengthen the strength of the capital capital base. and legal, public and private reserves "as well as the size of the capital base of banks operating in the country Provisions for bad debts and overdue interests increased by 4.53% to reach 94.5 billion, while provisions overall, rose 3.8% to AED 31.7 billion at the end of May. Which financial centers strengthened and fortified banks. Performance indicators indicate that the capital adequacy of the banking sector remains strong and exceeds the requirements of the Basel Committee and the Central Bank, increasing by 17.9% at the end of March against 17.5% at the end of 2018. The liquidity ratio indicates a high liquidity ratio at 17.7% at the end of May, compared with 17.5% at the end of 2018. The ratio of capital loans to loans amounted to 82.4%, a sign of a high liquidity in the banking sector. Total total liquidity increased by 2.68%. Up by 1 645 billion dirhams at the end of June.
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