By: Mahmoud Gamal
Abu Dhabi – Mubasher: Assets of banks listed on the Abu Dhabi Securities Exchange (ADX) grew 7.6% year-on-year during the second quarter of 2018, recording AED 1.42 trillion.
Meanwhile, deposits at these lenders went up 3.4% to AED 798.4 billion in Q2-18 versus AED 772.1 billion a year earlier, according to official statements.
Loans rose 3.4% year-on-year to AED 798.4 billion in the three-month period ended 30 June.
Combined profits of ADX-listed banks hiked 6% to AED 11.94 billion from April to the end of June, compared to AED 11.26 billion in Q2-17.
Translated by: Muhammad Khalid