Mashreq NEO’s Post

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Mashreq’s Net Profit surges 122% to AED 5.8 billion in the first 9 months of 2023 driven by robust income growth and low risk cost. H.E. Abdul Aziz Al Ghurair, Chairman of Mashreq said: “The UAE banking sector continues to demonstrate remarkable resilience and growth, laying a strong foundation for the entire financial landscape of the country. Our recent achievement, a remarkable 122% year-on-year surge in net profits, stands as a testament to Mashreq’s enduring strengths and forward momentum.”   Ahmed Abdelaal, Group Chief Executive Officer said: “Mashreq’s remarkable financial performance this year is a clear reflection of our relentless commitment to innovation and putting our customers first. The significant growth in net profit to AED 5.8 billion in the third quarter, spurred by an 82% increase in net interest income, underlines our strength and adaptability in an ever-changing financial landscape.“ Read more: https://bit.ly/3FDVuRT Mashreq #Mashreq #RiseEveryDay #Rise_Every_Day #Profits #MashreqLeaders #Banking

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