Latest news with #BrindaDarasha
Zawya
11 hours ago
- Business
- Zawya
UAE's biggest bank FAB sees 29% jump in Q2 net profit, beats estimate
First Abu Dhabi Bank (FAB), the UAE's largest lender by assets, posted a net profit of 5.5 billion dirhams ($1.5 billion) for Q2 2025, up 29% year-on-year (YoY), driven by higher non-interest income and lower impairment charges. The effort topped analysts' mean estimate of AED 4.35 billion, according to data provider LSEG. Earnings per share also increased 29% to AED 0.49. Operating income for Q2 was AED 9.49 billion, 22% higher YoY driven by a 61% YoY rise in non-interest income to AED 4.54 billion. Net interest income edged up slightly on year to AED 4.95 billion. Net impairment charges stood at AED 752 million, down 16% YoY. For H1 2025, net profit jumped 26% YoY to AED 10.63 billion. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
2 days ago
- Business
- Zawya
Saudi Al Rajhi Bank's Q2 net profit jumps 31%, beats estimate
Saudi Arabia's Al Rajhi Bank, the world's largest Islamic bank, has reported a Q2 2025 net profit of 6.15 billion riyals ($1.64 billion), 31% higher year-on-year (YoY). The profit easily beat analysts mean estimate of SAR5.69 billion, according to data provider, LSEG. Total operating income was SAR9.6 billion, up 26% YoY. Net financing and investment income rose 24.7%. Provision for expected credit losses was 32% higher YoY at SAR600 million. Profit for H1 2025, rose 32% to SAR 12.06 billion. (Writing by Brinda Darasha; editing by Seban Scaria)
Zawya
16-07-2025
- Business
- Zawya
Qatar Islamic Bank posts 5.3% rise in H1 2025 net profit
Qatar Islamic Bank (QIB), the largest Islamic bank in the GCC member state, posted a 5.3% year-on-year (YoY) rise in net profit to 2.18 billion riyals ($599 million) for H1 2025. Total income for the six-month period was QAR 5.64 billion, the Qatar Stock Exchange-listed bank said on Wednesday. Total assets as of end-June stood at QAR 212.1 billion, up 5.6% from QAR 200.8 billion as of end December 2024. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
15-07-2025
- Business
- Zawya
Bank Muscat H1 2025 net profit rises 12%
Oman's biggest lender Bank Muscat posted a 12% jump in net profit for H1 2025 to 125.8 million rials ($327 million) as both interest income and non-interest incomes rose. Operating profit rose 10% to OMR 180.2 million. Net interest income from conventional banking, and net income from Islamic banking rose 8% to OMR 206.44 million. Non-interest income was OMR 81.83 million compared with OMR 75.27 million the year-ago period. Net impairment loss was OMR 30.16 million versus OMR 29.9 million. (Writing by Brinda Darasha; editing by Daniel Luiz)
Zawya
10-07-2025
- Business
- Zawya
UAE's ADNOC Gas wins $400mln deal to supply LNG to Europe
The UAE's ADNOC Gas Plc has entered into a three-year agreement to supply liquefied natural gas (LNG) to Europe for a total value of 1.5 billion dirhams ($400 million). The agreement with Germany's SEFE Securing Energy for Europe is for the delivery of 0.7 million tonnes of LNG with deliveries commencing this year. The gas will be supplied from ADNOC Gas' Das Island liquefaction facility, the Abu Dhabi Securities Exchange-listed company said. This new medium-term LNG contract builds on the long-term supply agreement with ADNOC that SEFE signed last year. (Writing by Brinda Darasha; editing by Daniel Luiz)
