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UAE banking pulse: robust growth and profitability signal positive outlook
By Puja Sharma
Customers reacted to benefit from high rates, with deposits growing by 13.4%, faster than loans & advances (L&A) of 9.0% in FY’23 Profitability of top 10 lenders jumps by 28.8% year-on-year (YoY) for FY’23, on the back of rising interest rate scenario. As 2024 unfolds, the sector cautiously anticipates a favourable outlook on the back […]
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