Nitish Bhojnagarwala

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Moody’s expects profitability for the UAE’s largest lenders to remain stable into 2019, driven by higher net interest income and lower provisions. (Shutterstock)

August 19th, 2018 - 11:17 GMT

Moody's: UAE’s Top Four Banks’ Profits to Remain Stable Into 2019

The UAE’s top four lenders First Abu Dhabi Bank(FAB), Emirates NBD as well as Abu Dhabi Commercial Bank (ADCB) and Dubai Islamic Bank (DIB) posted a 21 per cent increase combined net profit of AED 8 billion ($2.2 billion) in Q2 2018.

Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)

March 19th, 2017 - 06:00 GMT

Gulf Islamic banks set to outperform conventional banks for second year: Moody's

The new merger, if agreed, would create an entity with total assets amounting to around QAR173bn ($48bn) and a market share of around 14 percent. (File photo)

February 21st, 2017 - 07:30 GMT

Nitish Bhojnagarwala latest

Moody's: UAE’s Top Four Banks’ Profits to Remain Stable Into 2019

Gulf Islamic banks set to outperform conventional banks for second year: Moody's

Proposed merger of Qatari bank trio would create country's second largest lender