UAE top banks witness strong profitability Q3: Alvarez & Marsal 

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Thu, 2023-11-23 14:47

RIYADH: The UAE’s top banks witnessed strong profitability in the third quarter of this year, primarily propelled by an increase in non-interest income and reduced impairment charges, according to global professional services firm Alvarez & Marsal.  

Analysis from the consulting firm indicated that the UAE’s banking sector experienced improved profitability in the third quarter, driven by a 15.4 percent quarter-on-quarter uptick in total operational income and a 2.4 percent growth in non-core income during the same period. 

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