ADIB 1Q24 Review: Earnings up 31% YoY (-6.5% QoQ), Beat Estimates
ADIB reported 1Q24 shareholder’s profit of AED1.3bn, better than estimates, due to lower operating cost and lower impairment provisions
UAE Banks 2Q24 Quarterly Results Preview
We expect FAB to report shareholder’s profit of AED3.96bn in 2Q24e, down 4.8% YoY but up 3.1% QoQ, as a result of higher net interest income whilst...
1Q24 Quarterly Result Previews
We expect FAB to report shareholder’s profit of AED3.45bn in 1Q24e, down 6.5% YoY and down 5.4% QoQ, as a result of the implementation of new UAE...
UAE Banks: Keep calm and carry on
Growing UAE economy should provide the necessary impetus for the UAE banks to grow locally, whilst the option to expand globally remains open
4Q23 Quarterly Result Previews
Our 4Q23e result would take FY23e profit to USD967mn, up 21% YoY and towards the high end of the management’s guided range of USD850mnUSD1bn.
No more insights