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| ADCB, CBD, and NBF reported NIM expansion by 10-20 bps, the remaining banks largely remained unchanged. |
Improved lending was supported by Dubai’s mortgage market that witnesses strong rebound according to analysis of second quarter financial results of top 10 UAE banks by assets by Alvarez & Marsal (A&M).
The RoE has reached its highest level of 10.9 per cent for the first time in the last five quarters with 13.3 per cent in in the fourth quarter of as economic conditions continue to improve. An increase of +2.8 per cent quarter on quarter in operating income coupled with lower impairment charges of -9.3 per cent were the key drivers for growth in profitability.
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