منشور Mashreq

Mashreq's 1Q 2024 Net Profit Climbs 25% Year-on-Year to AED 2 Billion (AED 2.3 billion up 36% pre-tax), Fueled by Strong Business Growth and Solid Margins. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq: "Mashreq, has demonstrated remarkable strength and adaptability amid global challenges, maintaining solid asset growth, financing, and capital adequacy ratios. These indicators reflect the sector’s flexibility and resilience to adapt to the changes the world is witnessing.” Ahmed Abdelaal, Group Chief Executive Officer: "Our Q1 2024 financial results have provided a robust start to the year, showcasing a significant 25% increase in net profit to AED 2.0 billion, despite the new Corporate Income Tax of 9% in the UAE. On pre-tax basis our Net Profit stood at AED 2.3 billion representing an increase of 36% like for like. This remarkable growth is fueled by substantial income expansion and reduced risk costs, highlighting our unyielding commitment to operational resilience and efficiency.” Read the full report: http://ms.spr.ly/6049YJymN #Mashreq #Q1FinancialResults2024 #FinancialMilestone #BankingExcellence #Innovation #SuccessStory

Mashreq Business Banking Wins “SME Bank of the Year 2024” at the Asian Banking & Finance Awards 2024! This award serves as a testament to our dedication to providing simpler and smarter banking solutions to SMEs in the UAE, and driving substantial growth in a highly competitive market. We sincerely thank our valued clients for their trust and partnership. Your confidence inspires us to continually strive for excellence. Rajeev Chalisgaonkar #Mashreq #MashreqBusinessBanking #BusinessBankingSimplified #DigitalTransformation #DigitalInnovation

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It's AI Appreciation Day, and we'd like to hear from you!

Mashreq congratulates JSW Steel, one of India’s largest steel manufacturers, on the successful closure of its debut syndicated loan - a $900 Million Term Facility. Mashreq is proud to have supported JSW Steel in raising this landmark financing as a joint Underwriter, MLA and Bookrunner, which witnessed 25 regional and international banks join the syndicate from across GCC, East Asia, Europe - a true testament of the company’s global operations and strong growth story. #Mashreq #Rise_Every_Day #MashreqIndia #Investment_Banking #Mashreq_Investment_Banking #International_Banking_Group

We are delighted to share that Mashreq has won three prestigious awards at the Asian Banking & Finance Retail Banking Awards 2024 held in Singapore. Among these accolades, our Global Non-Resident Account opening platform has been honoured with the 'Open Banking Initiative of the Year-UAE' award. This revolutionary platform offers seamless bank-to-bank synergy, instant account setup, account milestone tracking, and real-time balance mirroring, all within the Mashreq Mobile App, making banking effortless for the expatriates in their home country. Mashreq is proud to lead the way in enhancing efficiency, convenience, and customer satisfaction in the banking industry. يسرنا الإعلان عن نيل المشرق ثلاث جوائز مرموقة في حفل توزيع جوائز الخدمات المصرفية للأفراد 2024 المقدمة منAsian Banking & Finance الذي أقيم في سنغافورة. وقد تضمنت هذه الجوائز تكريم منصتنا العالمية لفتح الحسابات لغير المقيمين بجائزة "أفضل مبادرة مصرفية مفتوحة لهذا العام في دولة الإمارات العربية المتحدة"، حيث توفر هذه المنصة المتطورة سبل التعاون الميسر بين البنوك والإعداد الفوري للحساب وتتبع حالة الحساب والاطلاع على الرصيد في الوقت الفعلي من خلال تطبيق المشرق موبايل، مما يجعل التعامل المصرفي أكثر راحة وسهولة للمقيمين في بلادهم. ونحن في المشرق نفخر بريادتنا في تعزيز مستويات الكفاءة والراحة ورضا العملاء في القطاع المصرفي. #Mashreq #BankingInnovation #ABFAwards2024

As one of the leading financial institutions in the MENA region with a growing presence, Mashreq continuously aims to achieve the highest corporate governance standards appropriate to our business. At the World Finance Corporate Governance Awards 2024, Mashreq was awarded for the Best Corporate Governance in the UAE. World Finance Magazine is one of the pioneering media organisations to recognise businesses for their corporate governance. We thank you all for your continued trust in Mashreq. #Mashreq #RiseEveryDay

At Mashreq, we are dedicated to establishing a prominent presence in major financial hubs worldwide, with the Kingdom of Bahrain as a key focus. Being founded in 1981, Mashreq Bahrain has distinguished itself as a leading corporate bank with strong strategic alliances and demonstrating steadfast dedication. Our clients gain a significant advantage by leveraging our sector expertise and specialization in both advisory and banking services. Mashreq Bahrain is committed to transforming the future of financial services with continuous innovation and an unmatched client experience. Learn more about Mashreq Bahrain: https://lnkd.in/dpkgghUj #Mashreq #MashreqBahrain #RiseEveryDay #International_Banking_Group