Tag: Profitability
FABMISR posts 139% surge in first-half net profit
Customers’ deposits rose by 39% to EGP 278.7 billion compared to December 2023
Bahrain’s GFH Financial Group posts $60.75 million in H1 2024
Earnings per share for the January-June period rose to $1.70, up from $1.55 in H1 2023, marking a 9.7% increase
Gulf International Bank posts $41 million in Q2 2024
The bank’s total assets at the end of the first half were $45.7 billion, a 3% decrease from $47.1 billion in December 2023
Crédit Agricole Egypt posts 67% half-year profit leap
The growth was attributed to growth in the bank’s corporate banking division despite the challenging and varied market conditions in the January-June period
RAKBANK posts record AED 1.1 billion half-year profit
The National Bank of Ras Al Khaimah (RAKBANK) has reported a record AED 1.1 billion net profit, a 21% year-on-year (YoY) increase, driven by...
Ajman Bank posts AED 233 million in H1 2024 net profit
The strong results were supported by a healthy balance sheet with total assets of AED 24.2 billion, customer deposits of AED 20.2 billion, and equity of AED 2.9 billion
QNB Group’s half-year profit jumps 7% to $2.2 billion
Operating income grew by 9% to reach $5.5 billion, reflecting QNB’s ability to maintain growth across diverse revenue sources
NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024
Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023
State-backed digital bank Wio Bank’s annual profit reaches $544,588
Launched in July 2023, Wio Personal gained traction, amassing over 40,000 customers and exceeding AED 6 billion in deposits by year-end
UAE’s FAB posts 6% rise in Q1 profit to AED 4.2 billion
The bank continues to maintain strong liquidity and robust operational efficiencies, as highlighted in its 24% cost-to-income ratio