UAE banks shine in H1

UAE banks shine in H1

Banks in the UAE continue to lead their Gulf peers when it comes to assets.

Emirati financial institutions recorded AED 2.7 trillion worth of assets at the end of the first half of this year.

The figure represents a growth of two per cent compared to the end of 2017.

The Saudi banking sector came second followed by Kuwait, Bahrain and Oman.

A UAE bank has topped the list of Gulf banks with the highest assets.

First Abu Dhabi Bank (FAB) recorded assets worth more than AED 690.5 billion at the end of the first half of this year.


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