Despite global credit risks, GCC banks thrive with overall lending growth, bolstered by strong performances in Saudi Arabia and the UAE, and robust economic indicators.
Top 10 Saudi banks experience slow profit growth in Q1
Despite improvement in cost-to-income ratio, net profit sees only a marginal rise of 2.7% QoQ to $4.61bn due to slower growth in operating income and high impairment charges.
NBF declares net profit growth of 17.1% in half-year results
National Bank of Fujairah has posted a net profit of AED 76.2 million ($20.75 million) for the first half of 2021
