Dubai lenders to lead the way as UAE banks prepare to release Q3 results | The National

Dubai lenders to lead the way as UAE banks prepare to release Q3 results | The National:

"The big banks are set to release stellar third-quarter results after Eid, with Dubai’s lenders expected to set the pace.

Analysts at National Bank of Abu Dhabi (NBAD) are forecasting as much as Dh5.3 billion in aggregate profit for seven banks for the quarter. Lower interbank offered rates, robust credit activity and bigger customer deposits are all indicators signalling recovery and growth for the banking sector, the report said.

Two Dubai banks are expected to show the highest rate of profit growth in the quarter, according to estimates by NBAD."

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