The net profits of UAE banks listed on the capital markets increased to AED 46.9 billion during the last year 2022, reflecting their strong solvency, strong revenues, and high liquidity, benefiting from the recovery of the national economy after the full recovery from the repercussions of the Covid-19 pandemic.
Based on the disclosures of listed banks announced on the financial markets websites, the net profits of banks during the period from January to December 2022 increased by 32 percent, or the equivalent of AED 11.3 billion, compared to a net profit of AED 35.67 billion during the year 2021.
The profits of 6 banks listed on the Abu Dhabi Securities Exchange last year reached AED 24.6 billion, an increase of 17.9 percent, compared to a profit of AED 20.88 billion in 2021. The profits of 4 banks listed on the Dubai Financial Market reached AED 22.34 billion in 2022, an increase of AED 7.6 billion or 51 percent compared to AED 17.7 billion in 2021.
Source (Al Khaleej Newspaper, UAE, Edited)
