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16 UAE major banks’ profits at Dhs35.31b
BY ABEER ABU SHAMMALEH February 15, 2017
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DUBAI: The net consolidated profits of 16 UAE major banks dropped by around 6 per cent to Dhs35.31 billion in 2016, down from Dhs37.64 billion in 2015.

Emirates NBD Bank was the most profitable bank with net profits of Dhs7.24 billion in 2016 compared with Dhs7.12 billion in 2015. The profits of First Gulf Bank reached Dhs6.07 billion in 2016 compared with Dhs6.02 billion in 2015, while those of the National Bank of Abu Dhabi reached Dhs5.3 billion in 2016 compared with Dhs5.23 billion in 2015.

The total consolidated assets of these banks grew by around 9 per cent to Dhs2.15 trillion in 2016, up from Dhs1.97 trillion in 2015.

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