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A total of 19 banks and finance companies listed on the UAE stock markets posted a net profit growth of 14.35 percent during the first half of this year escalating to 21.265 billion dirhams, from 18.597 billion dirhams over the same period of the previous year.
Abu Dhabi Bank was ranked as the first most profitable Bank in the country in the first half of this year, posting a net profit of AED 6.057 billion, a 10.37% increase compared to the same period of last year. The Emirates NBD Group (whose profits include Emirates Islamic Bank's 100% owned by the Group) came second on the list, with a net profit of AED 5.02 billion, and a growth of 29%.
Dubai Islamic Bank came in the third position with a net profit of AED 2.38 billion, a growth of 15.4%. Abu Dhabi Commercial Bank was fourth on the list, with a net profit standing at AED 2.332 billion, a 10.32% increase, while Abu Dhabi Islamic Bank was ranked fifth with a net profit of AED 1.162 billion, and a growth of 3.05%. As for Al Mashreq Bank, it was ranked in the sixth position, with profits reaching AED 1.61 billion, an increase by 5.2%.