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Net interest income surged 37 per cent on an 'improved loan & deposit mix' due to higher interest 'feeding through to margins' and 'strong new lending growth'
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The total bank deposits increased by 1.6%, climbing from Dh2,132.9 billion at the end of July 2022 to Dh2,166.6 billion at the end of August 2022
Governing board decides to raise interbank rate by 75 basis points
Shirish Bhide, chief executive officer of UAB, attributes strong growth in first-half profits to the UAE government’s policies to contain the Covid-19 pandemic and Central Bank's targeted economic support scheme to boost liquidity in banking sector
A number of residents say they are able to save big on their EMIs for properties and investments back home
Total monthly EMIs unlikely to rise by too much, says expert
Saudi Arabia, Kuwait, Qatar, and Bahrain raise rate by three-quarters of a percentage point
Decision comes after Fed increased key US interest rate again
It will be offered to salaried individuals with a minimum income of Dh5,000 per month
People to use them as a safety measure and as a back-up in future