Increased lending and fewer bad debts help UAE banks post profit rises | The National:
"Three major UAE banks kicked off the earnings season yesterday with reports of sharp profit increases.
Earnings from lending and mortgages grew while non-performing loans decreased amid improving consumer confidence and rising appetite for borrowing.
Abu Dhabi Commercial Bank (ADCB), the country’s third-largest lender, said net profit for the three months to the end of September, surged 47 per cent from a year ago to Dh920 million.
Ras Al Khaimah’s RAKBank said net profit for the first nine months rose 9.6 per cent year-on-year to Dh1.14 billion."
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