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Mashreq’s impressive financial performance: AED5.8 billion in net profit

It even reported a 73% climb in its operating profit to AED5.6 billion from AED3.2 billion in 9 months of 2022.

It even reported a 73% climb in its operating profit to AED5.6 billion from AED3.2 billion in 9 months of 2022.

Noteworthy Growth

Mashreq, a prominent banking major in the UAE, has reported a remarkable 122 percent increase in its net profit for the first nine months of 2023, reaching a total of AED5.8 billion.

Strong Operating Profit

In addition to the substantial growth in net profit, the bank also disclosed a 73 percent surge in its operating profit during the same period. 

Operating profit climbed to AED5.6 billion, a substantial increase from the AED3.2 billion reported in the first nine months of 2022.

These financial results underscore Mashreq’s robust performance and strategic decisions in the ever-evolving banking sector, demonstrating significant progress and stability in its operations.

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