| From Gulfnews.com: Most UAE banks have reported first quarter profits surpassing the market expectations. However, bankers and analysts were cautious about expectations for the next three quarters as a potential rise in bad loans, sluggish loan growth and high funding costs were expected to curtail their full-year performance.
The UAE's leading banks in terms of assets such as the Emirates NBD and National Bank of Abu Dhabi (NBAD) reported first quarter profits far exceeding analysts' expectations..............................................Full Article: Source
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