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Banking & Finance, Economy, Video

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Assets of UAE banks rise despite pandemic

Bank UAE Growth
In Q2 2021, the UAE was home to 21 local, six GCC and 21 international banks. (File)
By TRENDS Desk
September 19, 2021 4:12 pm
  • Total customer deposits in the country’s banks between Q2 2020 and Q2 2021 witnessed 2.3 percent year-on-year growth reaching US$519.4 billion or AED1.908 trillion.
  • Personal loans to residents recorded 3.6 percent increase at US$92 billion or AED336.5 billion during the period

The UAE banking sector has posted a moderate growth of 0.6 percent with total assets reaching US$873.6 billion, or AED3.2 trillion, by the end of second quarter of 2021 year-on-year despite the headwinds of global pandemic.

As per the UAE Central Bank report, total customer deposits in the country’s banks between Q2 2020 and Q2 2021 witnessed 2.3 percent year-on-year growth reaching US$519.4 billion or AED1.908 trillion. Personal loans to residents recorded 3.6 percent increase at US$92 billion or AED336.5 billion between Q2 2020 and Q2 2021, according to the report.

In Q2 2021, the UAE was home to 21 local, six GCC and 21 international banks, it said.

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