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Islamic Finance Briefing - Categorized | Banking, Performance more

Top UAE lenders beat Q2 estimates, raise hope for future

Posted on 27 July 2012

The three largest lenders in the United Arab Emirates on Tuesday posted estimate-beating second-quarter profit as increased net interest and Islamic financing income boosted revenues and provisioning fell.
Analysts said the results pointed to steady future growth in a sector which in recent years has been hampered by high provisioning, in particular on exposure to Dubai state-linked entities………………………………………..Full Article: Source

 
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