RAKBank led gains among banks reporting earnings yesterday, helped by a return in lending that analysts expect will continue throughout the year.
Commercial Bank of Dubai (CBD) and National Bank of Umm al Qaiwain (NBQ) also reported a rise in profits.
But all three banks have lowered their loan-to-deposit ratios to less than 100 per cent, within limits mandated by the Central Bank to ensure the financial health of the UAE's lenders. The banks did not provide detailed financial reports or earnings for the fourth quarter.
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