UAE banks are increasingly looking beyond their borders as they face domestic challenges and shifting interest rates, prompting them to pursue international growth opportunities. Leading Emirati banks are strategically expanding abroad to address local difficulties, such as early government repayments and pressure on net interest margins. For instance, Abu Dhabi Islamic Bank increased its exposure...
The major banks in the UAE are expected to achieve high single-digit loan growth in the second quarter, as analysts suggest that the ongoing Iran-Israel conflict is unlikely to dampen borrowing demand. This optimistic outlook comes as increased lending is anticipated to offset slightly lower net interest margins, which, in turn, should satisfy equity investors...
Emirates NBD, recognized as Dubai’s largest bank by assets, surpassed profit expectations for the first quarter, largely due to significant growth in loans and interest income. The bank reported a net profit of 6.2 billion dirhams ($1.69 billion) for the three months ending March 31, compared to 6.7 billion dirhams during the same period last...