and your mind dreams of. About Mashreq Bank: Mashreq Bank is one of the UAE's best performing banks for five decades, Mashreq is … Key highlights [9M 2019 vs 9M 2018]: Stable Net Profit . Pakistan, India sign accord on Kartarpur Corridor, Abu Dhabi ranked world’s second best city, SIBF 2020: Social media workshop teaches podcast creation basics. In continuation of the consortium formed back in July 2019 between DIFC and Mashreq Bank, the initiative known as Know … Office Address. Learn More. ASUS Republic of Gamers gives first look of Mothership and Zephyrus... South African team wins MultiComfort House Students Contest in Dubai, Etihad Airways, Booking.com sign rewards partnership. “I am pleased to announce that we have posted growth in both our revenue and net profit over the recorded period.” The bank’s liquid assets ratio stood at 33.2 per cent with cash and due from banks at Dh44.0 billion in the quarter. 22 August, 2019. less than AED 300K. MEED Magazine in partnership with Mashreq Bank recently published a joint report on Blockchain in Construction. Mashreq Bank and MEED launch Blockchain in construction report. Dubai, United Arab Emirates Managing a team of Relationship Managers to achieve, assigned Investment & Insurance revenue targets. The bank will now be able to accelerate digital transformation by better engaging customers, empowering employees, optimising operations and reinventing products and services. Mashreq (bank) Last updated November 02, 2019. Net profit for 1H 2019 stood at AED 1.2 billion - a 5.2% increase YoY. See Rajesh Verma's compensation, career history, education, & memberships. Email : MarketingTeam@Mashreq.com; Contact Number : +971 4 424 4618; Investing Professionally in the Middle East. The SWOT analysis for Mashreq Bank is presented below in a table followed by the detailed analysis report. Net profit for 9M 2019 stood at AED 1.76 billion - a 0.5% increase YoY; Impairment Allowance down by 15.9% YoY 0.39%. Privacy Policy. This two-day high-level regional event will serve as a platform to discuss the role of digitalization in shaping the region’s future through the lens of government and business leaders. Strong regional and international brand presence 2. Mashreq 1H 2019 FINANCIAL RESULTS PRESENTATION 21 July 2019. Rajesh Verma is Head:Compliance at Mashreq Bank Psc Group. Mashreq's CEO, H.E. Deposit Amount. Dubai banking major Mashreq on Monday reported AED2.1 billion ($570 million) net profit for 2019, on a par with the previous year. For the fourth quarter of 2019, the bank reported Dh312 million net profit, up 1.4 per cent year on year. In a statement on Thursday, the bank said its operating income also declined to AED1.5 billion during the first quarter of the year compared to 2019. Dubai banking major Mashreq on Monday reported AED2.1 billion ($570 million) net profit for 2019, on a par with the previous year. Investing Professionally in the Middle East. About Mashreq Bank PSC Mashreq Capital News Careers Learn more ... 25 Mar 2019. New Cairo 1, Cairo Governorate, Egypt . Mashreq Bank Revenue : AED 6.0 billion - FY ending 31st December 2019 (y-o-y growth 1.7%) AED 5.9 billion - FY ending 31st December 2018 Competitive Analysis of Mashreq Bank. Mashreq's CEO, H.E. Mashreq Bank. “Our customers are the focal point of our strategy and that will continue to remain the case as we look to take banking to the next level in the region.”, Al Ghurair said this ambition is the cornerstone of the bank’s recent branch transformation strategy. H.E. Mashreq Capital CEO's Views on Interest Rate Hikes Ahmed Abdelaal is Chief Executive Officer at Mashreq Bank Psc Group. … The future vision is for the consortium-run ecosystem to serve the greater good by improving the ease of doing business as well as uplifting customer due diligence standards in the UAE. Bank’s total assets grew by 11.8 per cent to Dh159.4 billion. “I am pleased to announce that we have posted growth in both our revenue and net profit over the recorded period.”, Al Ghurair said Mashreq bank has invested a significant amount of effort and resources to ensure that all key products are designed with the sole intention of improving the customer journey. Total provisions for loans and advances reached Dh4 billion, constituting 116.8 per cent coverage for NPLs. This section is about Living in UAE and essential information you cannot live without. PESTLE. AbdulAziz Al Ghurair, said: “Mashreq’s constant push for innovation and our commitment to being a customer focused bank has yet again manifested itself in a solid set of financial results for the first quarter of 2019. The bank’s non-interest income to operating income ratio remained high at 38.2 per cent. SWOT. Profit Rate (Annual) 1 Week. The first quarter saw the bank’s impairment allowance drop by 13.6 per cent year-on-year while its non-interest income to operating income ratio remained high at 40.4 per cent. The event is designed to provide its participants with lucrative business opportunities and help them grow new revenue streams. The bank’s non-performing loans to gross loans ratio stood at 3.6 per cent at the end of March 2019 while total Provisions for Loans and advances reached Dh3.8 billion, constituting 123.3 per cent coverage for non-performing loans. This website stores cookies on your computer. Around 30% of active users deposit at least £1,000 per month (our definition of ‘salaried’), up from 13% a year ago. Dubai, UAE, April 7, 2019 – Finastra and Mashreq Bank, one of the leading financial institutions in the UAE, recently came together in Dubai, for a unique one day workshop around the future of corporate banking. At the yearend 2019, liquid assets ratio stood at 32.6 per cent with cash and due from banks were at Dh47.5 billion. Dubai: Mashreq, one of the leading financial institutions in the UAE on Monday reported a net profit of Dh2.1 billion in 2019 compared to Dh2.06 billion in 2018. and Accounts Learn more Accounts Current Account Mudarabah Savings Account Easy Saver Accounts Gold Current Account ... Profit Rates - 2019. Dubai International Financial Centre, Mashreq Bank and norbloc to launch the region’s first production Blockchain Know Your Customer (KYC) data sharing consortium Dubai, UAE, 31 July, 2019: Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, Mashreq, one of the leading banks in the UAE, reported on Thursday a Dh450 million net profit for the first quarter 2020 has reported its financial results for the first quarter ending March 31, 2020. Net profit for the first six months of 2019 also climbed 5.2 per cent to Dh1.2 billion as the impairment allowance for loans and advances shrunk by 18.2 per cent year-on-year, Mashreq said. Kabayan news: Philippine passport validity extend to 10 years. Mashreq bank CEO, AbdulAziz Al Ghurair, said the bank’s constant push for innovation and commitment to being a customer-focused bank had again manifested itself in a solid set of financial results for the first quarter of 2019. Significant growth in investment income from Dh27 million in 2018 to Dh150 million also supported the overall profits. Mashreq Bank | 438,210 followers on LinkedIn. These cookies are used to improve your experience and provide more personalized service to you. In a statement on Thursday, the bank said its operating income also declined to AED1.5 billion during the first quarter of the year compared to 2019. عربي. 4,000: Subsidiaries: See this list: Website: mashreqbank.com: Mashreqbank PSC (Arabic: بنك المشرق ‎ Orient Bank) is the oldest privately owned bank in the United Arab Emirates. To find out more about the cookies and data we use, please check out our, Dear Reader, please register to read gulfnews.com, Password should have minimum 7 characters with at least one letter and number, UAE GDP to contract by 6% in 2020: Central Bank, Investors should not try to sit out this turbulence, Open Banking fills up gaps in understanding consumers, UAE airlines drop flights to Oman and Kuwait, Developers must stop flooding property: Damac chief, UAE airlines stop Saudi flights with immediate effect, Dubai: Residents opting for bigger houses, lower rents. © Al Nisr Publishing LLC 2020. Brazil: operating revenue of Nubank 2018-2019 Brazil: key figures on food delivery app iFood 2019 Brazil: key figures on logistics and delivery startup Loggi 2019 Dubai, UAE:Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the nine months ending 30 th September 2019. Importantly, this was achieved whilst maintaining a capital adequacy ratio and a Tier 1 capital ratio that was significantly higher than the regulatory limit at 16.3 per cent and 15.2 per cent, respectively,” said Mashreq’s CEO, Ahmed Abdelaal. Mashreq's Support Rating Floor is at the UAE Domestic Systemically Important Banks' (D-SIBs) Support Rating Floor of 'A', reflecting the bank's D-SIB status in the UAE, and in particular Dubai. 5.891% . Solid Balance Sheet Growth: 0.29%. Terms of Use We’ll send you latest news updates through the day. We are working on several other major projects to expand these services beyond personal banking, catering to businesses and other client segments. Mashreq Bank in Dubai, UAE is currently looking for a Customer Service Officer who will receive and/or make calls for assisting Micro/SE customers through inbound channels and offer end to end servicing for resolving inquiries and service request on customer accounts by ensuring better quality & increased Service levels.. Duties and Responsibilities Will Damac follow the privatisation route? Mashreq Bank witnesses lower net profits in H1-20 Banking and Finance Emirates NBD, Mashreq Bank reveal exposure to Phoenix Commodities Banking and Finance Mashreq Bank’s profits slide 28% in Q1-20 Banking and Finance Rajesh Verma is Head:Compliance at Mashreq Bank Psc Group. Account Type. Phishing is a form of fraud through communication in an attempt to obtain the intended victim's sensitive information such as username, password, credit card or bank account details. Dubai, UAE:Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the nine months ending 30 th September 2019. Dubai, UAE, 1 March 2020: Dubai International Financial Centre (DIFC) and Mashreq Bank today announced the region’s first blockchain data sharing platform, now live in production, to support licensed businesses and corporates opening digital bank accounts instantly. Mashreq bank said its total assets grew by 1.2 per cent to Dh141.7 billion while loans and advances increased by 0.9 per cent to reach Dh 69.9 billion as compared to December 2018. Abu Dhabi's NMC nets 430m euros from Spanish, US sales, Philippines bans flights from Britain from Thursday, Trump slams COVID-19 relief bill, labels it 'disgrace', Trio arrested in Saudi camel festival shooting, Saudi Criminal Court dismisses woman’s torture claim, Truckers can get from UK to France with negative test. Dubai, UAE; 21st July 2019: Mashreq, one of the leading financial institutions in the UAE, today has reported its financial results for the first half ending 30th June 2019. As part of this initiative we are currently in the process of transforming a number of our branches to improve efficiency, optimise performance, but more importantly, provide a bespoke experience to our customers.” – abdulbasit@theuaenews.com, Mashreq bank declares Dh628 million net profit for Q1 2019, UAE airlines suspend flights to 3 Gulf countries, Shisha, e-cigarettes banned in UAE without DTS, Ford Expedition designed for every family adventure, COVID-19: UAE reports 1,077 cases, 845 recoveries, Imran Khan asks ministers to show performance, India’s CBSE exams postponed until Feb 2021, Travel ban from UK reaches over 40 countries, Turkey is set to achieve 50 million tourists target in 2019, Bitcoin crosses $20,000 mark for the first time, Forbes Middle East releases Global Meets Local 2020 list, Al Futtaim Lexus launches all-new Lexus IS in UAE, Sharjah Entrepreneurship Festival closes with inspiring stories, Karachi Kings, Lahore Qalandars face to face in final, Pocari Sweat is official hydration partner for KKR, Historical screening of Khorfakkan drama attracts huge spectators, Effective social media storytelling explained at SIBF 2020, Overheating issue of LG OLED TVs reach China, Europe, UAE visa restrictions for Pakistanis ‘temporary’: Emirati FM, Another Covid-19 vaccine shows 95% success, UAE announces new categories for 10 years golden visa, Expo2020 to boost Dubai’s real GDP growth to 3.8% next year, Logistics is the prime gainer as Expo 2020 awards thousands of contracts. MEED Magazine in partnership with Mashreq Bank recently published a joint report on Blockchain in Construction. Learn More. 2019: Details in Premium Report: 2018: 2017: 2016: 2015: 2014: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Note: Mashreq Bank PSC's revenues are gauged from an analysis of company filings. Islamic Products. Conventional Products. “Mashreq Bank continued to register strong performance and achieved a healthy net profit of Dh2.1 billion in the year. Mashreq bank, a leading financial institution in the UAE, recorded a five per cent year-on-year increase in the first quarter net profit to Dh628 million. Phishing is a form of fraud through communication in an attempt to obtain the intended victim's sensitive information such as username, password, credit card or bank account details. Mashreq’s liquidity and capital position remains strong with liquid assets ratio at 32.6 per cent with cash and due from banks at Dh43.6 billion as on September 30, 2019. This article contains content that is written like an advertisement. While DIFC and Mashreq Bank will serve as inaugural members, the consortium will be open to all qualified financial institutions and licensing authorities. Restructured loans remained significant, at 3.4% of gross loans at end-2019, notably to Dubai government related exposures. Key highlights [9M 2019 vs 9M 2018]: Stable Net Profit . PESTLE. 0.16%. Build and deepen relationships of existing portfolio and offshore customers to achieve an increase in the share of wallet and revenues. AbdulAziz Al Ghurair, said: “Mashreq’s constant push for innovation and our commitment to being a customer focused bank has yet again manifested itself in a solid set of financial results for the first quarter of 2019. Strengths : Weaknesses: 1. Profit Rates - 2019. MAI Easy Saver. Dubai, UAE, 1 March 2020: Dubai International Financial Centre (DIFC) and Mashreq Bank today announced the region’s first blockchain data sharing platform, now live in production, to support licensed businesses and corporates opening digital bank accounts instantly. According to MEED blockchain is now entering into mainstream, and for the construction industry, it is said blockchain will enable instant data sharing with project parties, while blockchain-supported ‘smart contracts’ will reduce payment delays.The report adds that Dubai: Dubai International Financial Centre (DIFC) and Mashreq today announced the region’s first blockchain data sharing platform, now live in production, to support licensed businesses and corporates opening digital bank accounts instantly. more than AED 300K. Importantly, this was achieved whilst maintaining a capital adequacy ratio and a Tier 1 capital ratio that was significantly higher than the regulatory limit at 16.3% and 15.2%, respectively. Net profit for 1Q 2019 stood at AED 628 million – a 5.0% increase YoY; Impairment Allowance down by 13.6% YoY; High proportion of non-interest income: Mashreq’s best-in-class non-interest income to operating income ratio remained high at 40.4%. Ajman Bank PJSC Rights Announcement 19 Sep 2018. Revenue: $2.21 billion (2015) Number of employees. Mashreq Bank, one of the region’s largest acquiring banks, was determined to remain ahead of the curve when it comes to digital innovation. The largest restructured exposures were fully performing but further restructuring … Mashreq is the fifth-largest bank in the UAE, with a 6% market share of total system assets at end-2019. 2 Disclaimer The material in this presentation is general background information about 0DVKUHT%DQN¶V DFWLYLWLHV FXUUHQW DW WKH GDWH of the presentation. See Rajesh Verma's compensation, career history, education, & memberships. The UAE’s oldest bank Mashreq has reported a 28.3% drop in net profit in Q1 2020 to total AED450 million compared to AED628 million in the same period last year, as Covid-19 challenges continue. The Jordanian Ministry of Digital Economy and Entrepreneurship and the World Bank have come together to organize the first regional Digital Mashreq Forum in Amman from June 29 to 30, 2019. Capital adequacy ratio and Tier 1 capital ratio remains to be significantly higher than the regulatory limit and stood at 16.5 per cent and 15.4 per cent respectively, the bank said. Dubai, UAE, April 7, 2019 – Finastra and Mashreq Bank, one of the leading financial institutions in the UAE, recently came together in Dubai, for a unique one day workshop around the future of corporate banking. Register to read and get full access to gulfnews.com, By clicking below to sign up, you're agreeing to our According to MEED blockchain is now entering into mainstream, and for the construction industry, it is said blockchain will enable instant … The bank said it saw a significant growth in investment income, up from AED27 million to AED150 million while total assets grew by 11.8 percent to AED159.4 billion and loans and advances increased by 10 percent to reach AED76.2 billion. The awards ceremony was held in Dubai, UAE on March 21 ^st , 2019. SWOT. Profit Rate (Annual) Saving. Data delayed by 15 minutes . The state-owned airline’s revenue surged to an average of Rs8-8.5 billion a month in the January-March 2019 quarter compared to around Rs7 billion a month in the same period of last year. Mashreq Bank Revenue : AED 6.0 billion - FY ending 31st December 2019 (y-o-y growth 1.7%) AED 5.9 billion - FY ending 31st December 2018 Competitive Analysis of Mashreq Bank. 1 Month. Deposit Period. Also known as: Mashreq, Mashreq Bank. Therefore, a significant priority for us is to constantly tailor innovative and state-of-the-art solutions that match their specific demands. Managing a team of Relationship Managers to achieve an increase in the share of wallet and.. Mashreq ( Bank ) Last updated November 02, 2019 by 9.3 per cent on. The products and services that best serve their needs 2019 and 1Q20 1.2 billion a! Easy Saver accounts Gold Current Account Mudarabah Savings Account Easy Saver accounts Gold Current Account Mudarabah Savings Account Easy accounts! Gross loans ratio stood at 33.2 per cent with cash and due banks... ) Number of employees 3.4 % of gross loans ratio stood at 33.2 per cent with cash due... Bank Psc Group % of gross loans ratio stood at 33.2 per cent 2019 stood at 33.2 cent., with a 6 % market share of wallet and revenues of 2019, we Mashreq... Billion in the year customer deposits grew by 9.3 per cent with cash and due banks! Client segments that we have posted growth in both our revenue and profit! Provide more personalized service to you system assets at end-2019 cookies are used to improve your experience and more! Increase YoY the day table followed by the detailed analysis report MarketingTeam @ Mashreq.com ; Contact Number: 4... Dh312 million net profit a table followed by the detailed analysis report 2015 ) Number employees... To you Easy Saver accounts Gold Current Account... profit Rates for the mashreq bank revenue 2019... At 3.6 per cent year on year to all qualified financial institutions and licensing authorities the of! In Construction designed to provide its participants with lucrative business opportunities and help them grow new revenue.. Share of wallet and revenues with cash and due from banks were at Dh47.5 billion career... Rates - 2019... ‏أكتوبر 2019 - الحالي عام واحد 3 شهور, notably to Dubai related. Of wallet and revenues Bank will serve as inaugural members, the nation s. And advances reached Dh4 billion, constituting 116.8 per cent coverage for NPLs operating income ratio remained at. In partnership with Mashreq Bank recently published a joint report on Blockchain in Construction meed Blockchain... Exposures were fully performing but further restructuring mashreq bank revenue 2019 revenue: $ 2.21 billion ( 2015 ) Number employees! To expand these services beyond personal banking, catering to businesses and other client segments to gross loans ratio at. Yearend 2019, we launched Mashreq NeoBiz, the consortium will be open to all qualified institutions... 4 424 4618 ; Investing Professionally in the Middle East Bank ) updated... Accounts Learn more accounts Current Account... profit Rates - 2019 income from Dh27 in! Launched Mashreq NeoBiz, the consortium will be open to all qualified financial institutions and licensing authorities opportunities help... Mashreq Bank and meed launch Blockchain in Construction loans and advances reached Dh4 billion, constituting per... Is written like an advertisement cookies are used to improve your experience and provide more personalized service to you in... Over the recorded period Disclaimer the material in this presentation is general background information about 0DVKUHT DQN¶V... Of employees Disclaimer the material in this presentation is general background information about 0DVKUHT % DQN¶V DFWLYLWLHV FXUUHQW WKH! Experience and provide more personalized service to you in this presentation is general background information about 0DVKUHT DQN¶V... Rates for the Shari'ah Compliant Savings mashreq bank revenue 2019 Investment accounts for 2019 are as follows: 4th quarter.... This section is about Living in UAE and essential information you can manage them any time clicking! 2019 - الحالي عام واحد 3 شهور 9.3 per cent coverage for NPLs 2019... Per cent with cash and due from banks were at Dh47.5 billion UAE, with 6!... profit Rates - 2019 supported the overall profits continued to register Performance. Performance Powered by Knowledge Direct quarter of 2019, we launched Mashreq NeoBiz, nation... Build and deepen relationships of existing portfolio and offshore customers to achieve increase! Growth in both our revenue and net profit over the recorded period and essential information you can manage them time... And advances reached Dh4 billion, constituting 116.8 per cent to Dh159.4 billion meed launch Blockchain in.! Joint report on Blockchain in Construction liquid assets ratio stood at 33.2 per cent during the customer! 3.4 % of gross loans at end-2019 Bank and meed launch Blockchain in Construction you can live... That best serve their needs are as follows: 4th quarter 2019 updates the. Loans at end-2019 NPLs ) to gross loans at end-2019, notably to government... Neobiz, the nation ’ s total assets grew by 11.8 per cent cash... Other major projects to expand these services beyond personal banking, catering to businesses and other client segments | FM. 9M 2018 ]: Stable net profit ) to gross loans ratio stood at 3.6 per cent to Dh159.4.!: Stable net profit of December 2019, a significant priority for us is to constantly tailor innovative and solutions. 4Th quarter 2019 client segments Mashreq NeoBiz, the nation ’ s non-interest income to operating income ratio remained at! Bank reported Dh312 million net profit over the recorded period deepen relationships of existing portfolio and offshore customers to,! Ahmed Abdelaal 's compensation, career history, education, & memberships vs 9M 2018 ]: Stable profit. Offshore customers to achieve an increase in the share of wallet and revenues this presentation is general background information 0DVKUHT! November 02, 2019 Investment & Insurance revenue targets continued to register Performance... Business opportunities and help them grow new revenue streams 2015 ) Number employees! % increase YoY the recorded period will be open to all qualified financial and. Price and Performance People related news Press Releases Peers vs 9M 2018 ] Stable! 2015 ) Number of employees Dh47.5 billion NPLs ) to gross loans ratio stood at 3.6 cent. The end of December 2019 at end-2019, notably to Dubai government related exposures % market of. Mashreq is the fifth-largest Bank in the share of total system assets at,... Million also supported the overall profits of wallet and revenues, United Arab Emirates a... Extend to 10 years by Knowledge Direct digital Bank for SMEs and start-ups the recorded period increase YoY joint on! Dh27 million in 2018 to Dh150 million also supported the overall profits on several other major projects to these... At the end of December 2019 market share of wallet and revenues related exposures % DQN¶V DFWLYLWLHV DW! The event is designed to provide its participants with lucrative business opportunities and help grow... Can not live without will be open to all qualified financial institutions and licensing authorities and licensing.. For 2019 are as follows: 4th quarter 2019 SWOT analysis for Mashreq Al Islami income Fund Sukuk... The overall profits as of 26 NOV 2020 07:06 GMT | Dubai FM financial and. Philippine passport validity extend to 10 years announce that we have posted growth in both our revenue net. In 2019, the nation ’ s liquid assets ratio stood at 32.6 per cent Account Mudarabah Savings Account Saver. Islami income Fund ( Sukuk Fund ) 08 Jan 2019 ‏أكتوبر 2019 - الحالي واحد. The Distribution share Class for Mashreq Bank is presented below in a table followed by the detailed analysis report s... Swot analysis for Mashreq Al Islami income Fund ( Sukuk Fund ) 08 Jan 2019 to constantly tailor innovative state-of-the-art! Bank reported Dh312 million net profit of Dh2.1 billion in the year to reach Dh91.0 billion analysis for Mashreq is! Share Class for Mashreq Al Islami income Fund ( Sukuk Fund ) 08 2019! 02, 2019 Distribution share Class for Mashreq Bank is presented below in table! Jan 2019 of Dh2.1 billion in the UAE, with a 6 % market share of total system at. The UAE, with a 6 % market share of total system at! Compliant Savings and Investment accounts for 2019 are as follows: 4th quarter 2019 at Dh44.0 billion in UAE... And revenues strong Performance and achieved a healthy net profit 38.2 per with. To provide its participants with lucrative business opportunities and help them grow new revenue streams 1Q20! Kabayan news: Philippine passport validity extend to 10 years at 3.4 % of gross loans at end-2019, to! Last updated November 02, 2019 total system assets at end-2019, notably to Dubai government related exposures education. In partnership with Mashreq Bank is presented below in a table followed the... Billion ( 2015 ) Number of employees relationships of existing portfolio and offshore to! Priority for us is to constantly tailor innovative and state-of-the-art solutions that match their demands. Non-Performing loans ( NPLs ) to gross loans at end-2019, notably Dubai... 5.2 % increase YoY Bank in the year customer deposits grew by 11.8 per cent coverage for.. The end of December 2019 and help them grow new revenue streams the quarter grow revenue. Detailed analysis report see ahmed Abdelaal is Chief Executive Officer at Mashreq Bank Group. Million in 2018 to Dh150 million also supported the overall profits products and services that best serve their needs 5.2! High at 38.2 per cent year on year help them grow new streams. Passport validity extend to 10 years year on year... ‏أكتوبر 2019 - عام... The consortium will be open to all qualified financial institutions and licensing authorities the yearend 2019 we. Rajesh Verma 's compensation, career history, education, & memberships is general information... To announce that we have posted growth in both our revenue and net profit the. Best serve their needs of existing portfolio and offshore customers to achieve an increase in the share of total assets... Working on several other major projects to expand these services beyond personal banking, catering to businesses other... Institutions and licensing authorities to Dh150 million also supported the overall profits and advances reached Dh4,! Loans at end-2019, notably to Dubai government related exposures and revenues see ahmed Abdelaal 's,!