The aggregate net profit of the UAE’s 10 largest banks increased by 5.6 per cent on a quarterly basis in the third quarter, boosted by lower impairment charges and a steady increase in net interest income.
The cumulative net income for the three months to the end of September climbed to Dh20.2 billion ($5.5 billion), professional services consultancy Alvarez & Marsal said in its UAE Banking Pulse report on Thursday.
Read More : Quarterly Profit of Top 10 UAE Banks Up by 5.6% Due to Reduced Impairment Charges