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Emirates News Agency - FAB reports net profit of AED12.5 billion in 2021

ABU DHABI, 27th January, 2022 (WAM) First Abu Dhabi Bank (FAB) reported a net profit of AED12.5 billion, compared to AED10.6 billion in 2020, marking a 19 percent increase year-on-year for the full year ended 31st December 2021.

Group revenue was up 17 percent supported by solid trading performance and growth in fee-generating business, helping to offset headwinds from low-interest rates. Operating expenses were up year-on-year, reflecting ongoing investments in digital and strategic initiatives and the inclusion of Bank Audi Egypt.

Asset quality metrics. ....

Egypt , Abu-dhabi , Abuz-aby , United-arab-emirates , Hana-al-rostamani , Hh-sheikh-tahnoon , James-burdett , Al-rostamani , Investment-banking-league-tables , Central-bank , First-abu-dhabi-bank , Bank-audi-egypt

QIB profit grows 16% to reach QR3,555m in 2021

Doha: Chairman of Qatar Islamic Bank (QIB) Sheikh Jassim bin Hamad bin Jassim bin Jaber Al Thani has announced that QIB has achieved net profit attrib. ....

Qatar , Doha , Ad-daw-ah , Qatari , Sheikh-jassim , Islamic-bank , Shareholder-equity-of-the-bank , National-strategy-for-the-environment , Visa , Qatar-national-vison , Qatar-central-bank , Bank-under-basel

QIB receives two prestigious awards from EMEA Finance

Doha: Qatar Islamic Bank (QIB), Qatar s leading digital bank, has recently received two prestigious awards: Best Islamic bank in Qatar for the fifth. ....

Qatar , Doha , Ad-daw-ah , Bassel-gamal , Assets-of-the-bank , Islamic-bank , Shareholders-of-the-bank , Qatar-islamic-bank , Corporate-mobile-app , Middle-east-banking-awards , Middle-east , Digital-onboarding-solution

QIB awarded 'Best SME Bank in Qatar' by Global Finance

Doha: Qatar Islamic Bank (QIB) was named “Best SME Bank in Qatar” in Global Finance s Best SME Banks Awards, in recognition of its continuous efforts. ....

Qatar , Doha , Ad-daw-ah , Qatari , Tarek-fawzi , Merchant-acquiring-services , Banking-group , Bank-awards-program , Al-dhameen-program , Qatar-national-vision , Qatar-development-bank , Qatar-islamic-bank