<8 dir = "rtl" style = "text-align: justify;"> 8 Emirati banks listed in the financial markets achieved 17.2% growth in net profit to reach about 38 billion dirhams in 2019, compared to 32.414 billion dirhams in a year 2018.


According to the Emirates News Agency, the profits of the eight banks constitute 89.2% of the total profits of all national banks listed in the markets (17 banks) that were achieved during the year 2018 and amounted to 42.61 billion dirhams.


The significant growth in the profitability of banks that have disclosed their financial statements so far reflects the extent of development in the sector, which is one of the most supportive sectors of the national economy.


The list of banks whose financial statements were disclosed includes Emirates NBD, Mashreq Bank, Dubai Commercial Bank, Emirates Islamic Bank, First Abu Dhabi Bank, Abu Dhabi Commercial Bank, National Bank of Ras Al-Khaimah and Sharjah Islamic Bank.


Analysis of the financial statements of the four banks listed on the Dubai Financial Market, whose results disclosed, showed that their profits increased to almost 19.05 billion dirhams during the year 2019, an increase of 34.6% compared to 14.14 billion dirhams in 2018.


At the level of the four banks listed on the Abu Dhabi Stock Exchange, its profits reached 18.95 billion dirhams in 2019, a growth of 3.7% compared to 18.273 billion dirhams in 2018.


Emirates NBD came first in terms of the value of profits realized, which amounted to 14.5 billion dirhams at the end of 2019, an increase of 44% compared to the profits for the same period in 2018.


The increase in profits achieved by the bank is attributed to the increase in operating revenues by about 29% to reach 22.42 billion dirhams, compared to 17.4 billion dirhams in 2018, in addition to achieving non-recurring profits of 4.39 billion dirhams.


Abu Dhabi Bank ranked first with profits of 12.5 billion dirhams at the end of 2019, an increase of 4% compared to the profits for the same period in 2018 .. While the operating income of the bank increased by 4% to reach 20.25 billion dirhams, compared with 19.45 billion dirhams during the year 2018.


The profits of Abu Dhabi Commercial Bank, which came third, amounted to 4.79 billion dirhams in 2019, compared to 4.84 billion dirhams during the same period in 2018.