UAE national banks report 9.6% growth in net profit in Q1 2021

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UAE national banks report 9.6% growth in net profit in Q1 2021

timestampMay 04, 2021 authorAlShorts Web Desk

As per the data issued by eleven UAE national banks, a growth of 9.5% recorded in the first year of 2021 followed by AED7.74 billion net profit. The list is topped by FAB with around AED2.475 billion in profit, an increase of 2.8% from the same period last year. The growth in net profit reflects the strong underlying performance across the business, said the bank in a statement.

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