UAE’s 5 largest banks post $10.37bn combined profit in H1, up 7.8%

RIYADH: The five largest banks in the UAE reported a combined net profit of 38.1 billion dirhams ($10.37 billion) in the first half of 2026, representing a 7.8 percent year-on-year increase, according to an analysis. These lenders, including First Abu Dhabi Bank, Emirates NBD, and Abu Dhabi Commercial Bank, as well as Dubai Islamic Bank and Mashreq, control about 79 percent of the UAE banking system’s assets, Moody’s said. Their stronger bottom line was driven by solid operating revenue that more than offset higher costs and a sharp rise in provisions.

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