Abu Dhabi – Mubasher: Total assets of nine UAE listed banks rose 9.01% year-on-year by the end of the third quarter of 2016, according to a report by Truth Economic Consultancy.
The report mentioned six Abu Dhabi-listed banks which are National Bank of Abu Dhabi (NBAD), Abu Dhabi Commercial Bank (ADCB), Union National Bank (UNB), First Gulf Bank (FGB), Abu Dhabi Islamic Bank (ADIB) and National Bank of Umm Al Qaiwain (NBQ).
The remaining three banks, namely Emirates NBD, Commercial Bank of Dubai (CBD) and Mashreq Bank, are listed on Dubai’s bourse.
Total assets reached AED 1.9 trillion ($160.6 billion) by the end of September 2016, compared to AED 1.8 trillion ($490.069 billion) by the end of September 2015.
Profits of the nine banks rose to AED 25.9 billion by the end of third quarter of 2016, a rise by AED 79.9 million year-on-year.
