Economy Country October 20, 2024

Arab Bank Reports Growth in Profits

Arab Bank recorded growth in profits for the nine months ending September, signaling improving economic conditions in the UAE. This reflects strong performance despite market challenges.


Arab Bank Reports Growth in Profits

Al-Muthahid Bank reported on its releases over the past nine months...

As a result of the nine months of the year, Al-Muthahid Bank's release amounted to 3.2 million dinars, which is 1.8% more than the same period last year. The company also reported a net profit of 600,000 dinars, which is 10% higher than last year.

"We are pleased to confirm our excellent financial indicators for the nine months. This success reflects our constant goal of providing superior services to our clients," stated the bank's chairman.

The bank also shared its plans for development and strengthening financial sustainability in the future.