Business - UAE banks do great in first quarter:
"The UAE banking sector performed well during the first quarter of 2014 as total market capitalisation surged 78 per cent following an improving economy, recovering real estate market and a strong rebound in tourism and retail sectors, a report has revealed.
In terms of size, the top 18 listed banks in the UAE have a combined market capitalisation of Dh367 billion as at the end of March 2014, representing roughly 45 per cent of the UAE’s total market cap, according to a latest report from Al Masah Capital.
The investment management firm’s report ranked National Bank of Abu Dhabi, or NBAD, First Gulf Bank and Emirates NBD as the top three lenders in terms of market capitalisation, which stood firm at Dh64.4 billion, Dh63.6 billion and Dh45.9 billion, respectively. The smallest bank by market cap is Ajman Bank at Dh3.3 billion."
'via Blog this'
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