Healthy 2021 bank results reinforce UAE’s economic recovery | Banking – Gulf News
Financial results of top UAE banks for full year 2021 points to sustained economic recovery supported by key financial sector indicators such as improved credit quality, higher margins, greater profitability and high levels of liquidity that will support future credit growth.
Key financials of banks such as First Abu Dhabi Bank (FAB), Emirates NBD (ENBD) and Dubai Islamic Bank (DIB) showed these institutions maintained strong profitability, high credit quality and improving margins amid challenging economic conditions posed by the pandemic and low interest rate environment.
FAB, UAE’s largest bank reported a full year 2021 Group net profit of Dh12.5 Billion, up 19 per cent on year-on-year and posted an overall credit growth of 6 per cent year on year indicating improved credit offtake.
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