The net profit of the five Dubai banks listed on the Dubai Financial Market during the first nine months of this year reached AED 20.2 billion, compared to AED 14.51 billion during the same period last year, a growth of 39.2%.
All banks saw profit growth, led by Emirates NBD, which grew by 63%, after achieving a profit of AED 12.48 billion in the first nine months of this year, compared to AED 7.65 billion during the same period in 2018.
Emirates Islamic Bank came in second place with 44.9% growth in profits, after recording AED 937.181 million compared to AED 646.9 million during the same period last year, followed by Commercial Bank of Dubai in third place, which grew by 26.1%. Dubai Islamic Bank came in fourth place, after achieving a profit of AED 3.966 billion, a growth of 9.6% compared to AED 3.619 billion during the first nine months of 2018. Corresponding period.
Mashreqbank posted the lowest profit growth of 0.53%, after reaching AED 1.757 billion, compared to AED 1.748 billion for the same period last year.
Sherif Al Yamani - Dubai