Moody’s expects the profits of the 4 largest UAE banks to rise, supported by interest and business momentum

Moody’s said in a new report that the net profits of the four largest UAE banks; They are: “First Abu Dhabi” (awarded with a rating of Aa3, stable), “Emirates NBD” (A2, stable), “Abu Dhabi Commercial” (A1, stable) and “Dubai Islamic” (A3, stable), which rose in the first six months. from 2022, driven by higher interest income, lower provisioning fees; The operating environment in the UAE continued to recover despite global headwinds.