VOL. XLIV

No 34

20-August-2001

UAE

UAE Banks Maintain ProfitabilityAmid Bullish Economic Prospects

Asin 2000, and as long as economic prospects remain bullish, UAE banks are likelyto maintain solid profitability this year even if asset quality deterioratesslightly. The 19 domestically incorporated banks included in this survey collectivelyregistered an 18.9% increase in net income, an 11.7% rise in assets, and a 9.2%increase in customer deposits in 2000, with only a marginal 0.33% rise in...