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Banking & Finance, Economy, Video

DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

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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