AED33.1 billion in net profit reported by seven listed banks for 2022
- Date: 26-Jan-2023
- Source: Emirates News…
- Sector:Financial Services
- Country:UAE
AED33.1 billion in net profit reported by seven listed banks for 2022
ABU DHABI, 26th January, 2023 (WAM) – Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the Covid-19 effects.
The highest share of the overall profits was claimed by the country's main lender, First Abu Dhabi Bank (FAB), which in 2022 generated net profits of roughly AED13.4 billion, a growth of 7% from 2021. The Group's actual growth, the tenacity of its core business, and its accomplishments are all reflected in this profitability.
Emirates NBD's profits climbed by 40% to AED13 billion in 2022, demonstrating the Group's diversified business model's effectiveness and resilience.
Dubai Islamic Bank's net earnings increased by a record 26% YoY to AED5.552 billion from AED4.406 billion in 2021.
By the end of 2022, Sharjah Islamic Bank continued to experience steady growth. Its operating profits rose by 17.4% to AED998.3 million, and its net profits were 26.7% up to AED650.9 million, the bank's greatest profit ever since it was founded.
The National Bank of Fujairah reported a net profit of AED340.4 million, a rise of 195.3% from AED115.2 million in 2021. This resulted
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HSBC reported a $17.5bn profit in its last financial results (for the financial year), while Revolut
stood at £39m ($48m) in its latest (for 2021).
This statement speaks volumes......
#banks #fintech https://lnkd.in/gWefmYHn
A mid-sized financial institution, Abay Bank recently reported a significant increase in net profit, primarily driven by substantial growth in interest income.
Read more http://ow.ly/PMbB50Nmnya
All week in Russia, newspapers.State t.v. reported U.S.A. is on the brink of bankruptcy amd some just say U.S.A. is bankrupt. Russia may be right , we could see the market collapse this coming week.Already Biden want oil producers at $5 profit on a barrel.Banks bailout temp.
the outperformance of the QQQs is pretty amazing....
🇵🇱 PKO Bank Polski reported for the full year 2022, the bank had PLN 3.33 billion in consolidated net profit attributable to shareholders of the parent, compared to PLN 4.87 billion in profit a year earlier. #banks
Silicon Valley Bank had a $417 million profit in the 4th quarter which they reported on in January. Fear mongering caused a classic bank run unique to them. Remain calm. My firm banks at a community bank. Not a big bank. We have zero concern. #ICBALive #Banking
I’m so sick of corporate greed. They are absolutely fuelling inflation. Here in Australia one of our biggest grocery stores reported 18% profit even though inflation was 7.4%. It’s called price gouging to make super profits. And don’t get me started on the banks!!
3-6-2023 8:00p
@ChiefJustice0 @SenJohnKennedy @GOP
@SpeakerMcCarthy @Jim_Jordan @RandPaul
@LeaderMcConnell @LindseyGrahamSC
@kyrstensinema @ChuckGrassley
@realDonaldTrump @JoeManchinWV https://twitter.com/QuoteDigging/status/1632910151484342273
Was listening to NPR yesterday talking about how many Hospice facilities are becoming for profit and owned by equity firms. The facilities are reported to give crappy care. This phenomena of banks/equity firms etc buying property, apartments, homes, essential businesses is scary
[email protected] revealed it hit its first full year of profit in 2021 at £26.3m.
The digital banking #fintech reported a surge in revenues last year as it filed a much-delayed set of accounts this morning. @CharlieConchie reports: https://www.cityam.com/revolut-posts-first-ever-profit-of-26-3m-as-digital-banks-delayed-accounts-are-finally-revealed/
Revolut revealed it hit its first full year of profit in 2021 and reported a surge in revenues last year as it filed a much-delayed set of accounts this morning.
@CharlieConchie reports, the firm says it had generated a £26.3m profit in 2021. https://www.cityam.com/revolut-posts-first-ever-profit-of-26-3m-as-digital-banks-delayed-accounts-are-finally-revealed/
For the year ending December 31, 2022, HBL today reported a consolidated profit before tax of Rs 77 billion, an increase of 24% from the previous year.
#tax #bank #banks #share
#FinancialInclusion
As of 2022, there are 43 Rural Regional Banks (RRBs) in #India. Among these, 34 RRBs are profit-making and reported a net profit amounting to Rs 3219 crores in 2021-22. Read more to get #financialinclusioninsights on India https://tinyurl.com/2p8azkus
Coles reported a billion dollar profit recently and Woolies is nearly as bad. Not a fan of @GuardianAus’s reporting on it either.
It’s profiteering, price gouging and abuse while increasing numbers don’t have food security and food banks run short.
. @woolworths profiteers #FixedIt:
“The supermarket chain and retailer has reported a $907m net profit for the six months to December, up 14% from the previous corresponding period, backed by bumper grocery sales and strong trading momentum at its discount retailer Big W.”
Coles yesterday, Woolworths today.
"The supermarket chain and retailer has reported a $907m net profit for the six months to December, up 14% from the previous corresponding period ..."
Banks, fossil fuels, supermarkets all cashing in on inflation.
CommBank made $310m risk-free net profit in the 4th Q of 2022 alone.
This is from the interest paid on the $51b from the RBA's term funding facility placed in the RBA's exchange settlement accounts.
Contributed 13% of CBA's last reported earnings.
https://michaelwest.com.au/banks-hurtle-to-record-profits-turbocharged-by-reserve-bank-pandemic-help/
CommBank made $310m risk-free net profit in the 4th Q of 2022 alone.
This is from the interest paid on the $51b from Frydenberg's term funding facility placed in the RBA's exchange settlement accounts.
Contributed 13% of CBA's last reported earnings.
https://michaelwest.com.au/banks-hurtle-to-record-profits-turbocharged-by-reserve-bank-pandemic-help/
Bank of Punjab (BoP) has posted a unconsolidated profit after tax (PAT) of Rs. 10.83 billion in the calendar year 2022 (CY22), down from PAT of Rs. 12.44 billon reported in the previous year (CY21).
#Bankofpunjab #banks #business #Currency #islamicbank
Barclays Financial institution constructingChris Ratcliffe | Bloomberg | Getty PicturesLONDON — Barclays on Wednesday reported a full-year web revenue of £5.023 billion ($6.07 billion) for 2022, beating consensus expectations of £4.95 #Banks #Barclays
https://globalcourant.com/barclays-posts-19percent-slide-in-annual-net-profit-after-costly-us-trading-blunder-htmlrand126/
Saudi Arabia's Arab National Bank reported a 41% surge in its 2022 net profit. Here are the details.
#Forbes
🔗 https://on.forbesmiddleeast.com/cxw2
#Q3Earnings #Review
#PSBs have reported a robust #profit #Growth of 65% to Rs 29,175 crore during the third quarter ended December 2022, with #BankofMaharashtra (BoM) emerging as the top performer in terms of percentage growth in profit.
https://www.zeebiz.com/companies/news-q3-earnings-review-public-sector-banks-sbi-bank-of-maharashtra-uco-bank-indian-bank-profit-asset-quality-221733
Eleven public-sector banks reported an average of 65.7% year-on-year growth in net profit at Rs 28,620 crore in the third quarter ended December 2022.
Abhijit Lele reports the details
#Q3Results #PublicSectorBanks #Bankingsector
https://mybs.in/2cCJnFq
#Kuwait Finance House has reported a 47% surge in year-on-year profit in 2022 to $1.2 billion.
#Forbes #KFH
https://www.forbesmiddleeast.com/money/banking-finance/kuwait-finance-house-posts-47-surge-in-net-profit-to-%2412b-driven-by-ahli-united-banks-solid-performance
State bank of india has reported highest ever quarterly profit
Adani loans exposure of sbi is 25000 cr
So even if God forbid the group makes a default sbi will not fail neither will psu banks
India's largest bank SBI reported a net profit of Rs 14,205 for December quarter with bad debts at just 0.77% of the total loan book. Record breaking!
The steps taken by Modi Govt in last few years to clean books of banks are yielding results now
#Mangaluru-#headquartered #private #sector #lender #Karnataka #Bank on #February 2, #reported a #net #profit of Rs 301 crore #YoY, #registering a #growth #rate of 105%.
https://economictimes.indiatimes.com/markets/stocks/earnings/karnataka-banks-net-profit-grows-105-in-dec-quarter/articleshow/97559459.cms
[email protected]’s net profit zoomed 35% (YoY) to a record INR 19.1 Cr in the third quarter of FY23 largely on the back of greater adoption of high margin products. The startup reported a net profit of INR 14.1 Cr in Q3 FY22.
#profit #growth
https://inc42.com/buzz/fino-payments-banks-q3-pat-zooms-to-inr-19-1-cr-as-high-margin-revenue-improves/
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