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UAE national banks post Dhs7.7 billion net profit in first quarter of 2021


UAE national banks post Dhs7.7 billion net profit in first quarter of 2021
5 hours ago
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Eleven UAE national banks have reported circa Dhs7.74 billion net profit in first quarter of 2021, a growth of 9.6 per cent over the same period last year.
According to data issued by the these banks, six ADX-listed banks booked around Dhs4 billion in profits during the first three months of the year, compared to Dhs2.967 billion over the same period in 2020.
FAB topped the list with around Dhs2.475 billion in profit, an increase of 2.8 per cent from the same period last year. ADCB came second with AED1.12 billion in net profit; followed by Sharjah Islamic Bank, Dhs164 million; and then RAK Bank and NBQ, Dhs43 million each. ....

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Emirates News Agency - ADNIC reports AED133.6 million Q1'21 net profit


ADNIC reports AED133.6 million Q1 21 net profit
ABU DHABI, 3rd May, 2021 (WAM) Abu Dhabi National Insurance Company (ADNIC) has reported a Q1 21 net profit of AED133.6 million, a 9% increase compared to the same quarter last year In a statement today, ADNIC said the company delivered solid performance and growth across key financial metrics. ADNIC’s performance was driven by the company’s clear strategy, underwriting discipline, operational excellence, and a diversified investment portfolio.
Commenting on ADNIC’s performance, Sheikh Mohamed Bin Saif Al-Nahyan, Chairman of ADNIC, said: Amid challenging market conditions, ADNIC delivered solid results for the first quarter of 2021, with net profit increasing 9% to AED133.6 million compared to the same quarter of last year. ADNIC’s robust financial performance is testament to the company’s strong foundations and market position. ADNIC has continuously supported its customers and partners through this challengi ....

Saif Al Nahyan , Ahmad Idris , Abu Dhabi National Insurance Company , Dhabi National Insurance Company , Sheikh Mohamed Bin Saif Al Nahyan , சைஃப் அல் நஹ்யான் , தபி தேசிய காப்பீடு நிறுவனம் , ஷேக் மொஹாமெட் பின் சைஃப் அல் நஹ்யான் ,