Saturday 29 April 2017
 
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Q1 profit

NBAD, First Gulf profit surges 12.4pc in Q1

The National Bank of Abu Dhabi and First Gulf Bank reported Dh2.93 billion ($797 million) in net profits for the first quarter of 2017, a 12.4 percent growth from Dh2.60 billion over the same period last year, a report said. The p

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Emirates NBD Q1 net profit hits $509m

Emirates NBD, a leading bank in the region, posted net profit of Dh1.87 billion ($509 million) for the first quarter of 2017, marking a rise of 4 per cent year-on-year (y-o-y) and 1 per cent quarter-n-quarter (q-o-q). The operatin

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Sharjah Islamic Bank Q1 profit up 5.9pc

Sharjah Islamic Bank, SIB, booked a net profit of Dh139.1 million ($37.8 million) for the first quarter of 2017, a 5.9 per cent growth compared to Dh 131.4 million in the same period last year, a report said. The bank's total

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United Gulf Bank posts $3m Q1 gains

United Gulf Bank (UGB) has announced a net profit of $3 million for the first quarter this year as against $2.1 million in the same period last year, reported the Gulf Daily News, our sister publication. To read further,

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Agility Q1 profit jumps 10.9pc to $43m

Kuwait-based Agility, a leading logistics solutions provider, has reported a net profit of KD13.1 million ($43.6 million) for the first quarter of 2016, an increase of 10.9 per cent compared with same quarter of 2015. Earnings-per

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Khaleeji posts 71pc jump in net profit

Khaleeji Commercial Bank (KHCB), a Bahraini Islamic retail bank, has reported a growth of 70.7 per cent in net profit for the first quarter at BD2.85 million ($7.43 million) when compared with BD1.67 million for the same period last year, report

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Union National Q1 net profit drops 27pc

Union National Bank (UNB), 50 per cent owned by the Abu Dhabi government, posted a 27 per cent drop in first quarter net profit on Thursday. The fifth largest lender in the emirate by assets reported a net profit attributable to e

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ADCB Q1 net profit drops 18.2pc

Abu Dhabi Commercial Bank on Wednesday posted a 18.2 per cent fall in first-quarter net profit, as income from its core business dipped and provisions increased. The third largest bank by assets in the United Arab Emirates made a

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Abu Dhabi Islamic Q1 profit up 6.9pc

Abu Dhabi Islamic Bank on Thursday posted a 6.9 per cent rise in first-quarter net profit, aided by higher revenues and a growth in customers. The emirate's largest sharia-compliant bank made a net profit of Dh482 million ($13

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Doha Bank Q1 net profit falls 16pc

Doha Bank, Qatar's fourth-largest lender by assets, reported a 16 per cent decline in first-quarter net profit on Monday, missing the average expectation of analysts. The bank earned a net profit of QR354.16 million ($97.3 mil

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