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FinancialNews


  • 23-11-17

    Profits of USD7.8b posted by UAE banks in nine months

    (MENAFN) During the first nine months of 2017, UAE banks posted profit of USD7.8 billion in which is a growth of 8 percent compared to the same period last year, the Governor of the UAE Central Bank Mubarak Rashed Al Mansouri said.

    Al Mansouri was speaking on the sidelines of the Middle East Banking Forum which was organized in Abu Dhabi, the Emirates official news agency Wam reported.

    The governor affirmed that the UAE solvency has secured "very good levels in light of sufficient capital buffers, with non-residents' deposits surging to Dh188 billion, making up to 12 percent of assets at local banks".

    MENAFN2311201700450000ID1096132423

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