UAE bank results point to rising pressure on profits | GulfNews.com:
"The full-year results of UAE banks are a mixed bag, with some reporting an increase in profitability, some a decline in profitability and others in the red — something that points to the different impact the challenging economic environment has had on bank balance sheets.
Analysts say the results are a reflection of challenges in both domestic and global economic environments that have led to rising costs, shrinking margins and higher provisions,
Notable exceptions to the overall declining trend were large lenders such as Emirates NBD, First Gulf Bank (FGB) and Abu Dhabi Commercial Bank (ADCB).
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