Showing 9 of 292
  • UAE Flag
    FIRST LOOK NOTES
    08 Aug 2025
    Dubai Islamic Bank (DIB)
    HOLD
    AED 9.66
    AED 9.50
    -1.66%

    UAE Equity Research - Dubai Islamic Bank (DIB) 2Q25 - First Look Note

    Customer deposits grew 21.2% YOY and 7.1% QOQ to AED 283.7 Bn in 2Q25, driven by effective strategies for customer acquisition and retention. Calculated NIM contracted by 32 basis points YOY to 2.5% in 2Q25.
  • Saudi Flag
    FIRST LOOK NOTES
    08 Aug 2025
    Alinma Bank
    BUY
    SAR 26.14
    SAR 37.00
    +41.55%

    Saudi Equity Research - Alinma Bank 2Q25 - First Look Note

    The Bank’s net advances increased 15.1% YOY and 4.4% QOQ to SAR 218.6 Bn in 2Q25, while the customer deposits expanded 12.0% YOY and 5.1% QOQ to SAR 229.9 Bn in 2Q25. Loan-to-deposit ratio increased 259 bps YOY and declined 64 bps QOQ to 95.1% in 2Q25.
  • Egypt Flag
    FIRST LOOK NOTES
    08 Aug 2025
    Commercial International Bank ...
    BUY
    EGP 100.00
    EGP 115.00
    +15.00%

    Egypt Equity Research - Commercial International Bank (CIB) 2Q25 - First Look Note

    Net advances expanded 56.6% YOY and 18.4% QOQ to EGP 450.4 Bn in 2Q25. Total deposit increased 21.3% YOY and 4.5% QOQ to EGP 1,045.3 Bn, with retail and corporate Deposits expanding 22% and 21%, respectively, during 2Q25.
  • UAE Flag
    EARNINGS CALL INSIGHT
    07 Aug 2025
    Dubai Islamic Bank (DIB)
    HOLD
    AED 9.69
    AED 9.50
    -1.96%

    UAE Equity Research - Dubai Islamic Bank (DIB) 2Q25 - Earnings Call Insight

    Net funded income declined marginally 0.6% YOY to AED 2,122 Mn in 2Q25, attributed to a 0.3% YOY decline in funded income, partially offset by strong loan growth. Reported NIMs contracted from 2.9% in 1Q25 to 2.7% in 2Q25.
  • UAE Flag
    FIRST LOOK NOTES
    31 Jul 2025
    Mashreq Bank
    HOLD
    AED 252.00
    AED 270.00
    +7.14%

    UAE Equity Research- Mashreq Bank (MASQ)- 2Q25 First Look Note

    MASQ’s non-funded income continued to grow and now accounts for 35.0% of total operating income in 2Q25, compared to 30.3% in 2Q24. The Bank recorded impairment charges of AED 144 Mn in 2Q25 compared to a reversal of AED 83 Mn in 2Q24.
  • UAE Flag
    FIRST LOOK NOTES
    25 Jul 2025
    Emirates NBD (ENBD)
    HOLD
    AED 26.10
    AED 27.00
    +3.45%

    UAE Equity Research- Emirates NBD Bank (ENBD) - 2Q25 First Look Note

    Group net advances grew 4.7% QOQ to AED 545.1Bn in 2Q25, with major incremental lending originating from international operations. Asset quality improved with NPLs declining from 3.1% in 1Q25 to 2.8% in 2Q25, driven by recoveries and a continued buoyant property market.
  • UAE Flag
    FIRST LOOK NOTES
    25 Jul 2025
    Abu Dhabi Islamic Bank (ADIB)
    HOLD
    AED 23.80
    AED 25.00
    +5.04%

    Abu Dhabi Islamic Bank (ADIB)- 2Q25 First Look Note

    Net profit increased 12.3% YOY to AED 1,676 Mn in 2Q25, driven by a rise in core business volumes, continued customer acquisition, and growth in fees and commission income. CASA deposits accounted for 66% of the total deposits, demonstrating the bank’s solid low-cost funding base.
  • UAE Flag
    EARNINGS CALL INSIGHT
    25 Jul 2025
    Emirates NBD (ENBD)
    HOLD
    AED 26.10
    AED 27.00
    +3.45%

    UAE Equity Research - Emirates NBD (ENBD) 2Q25 - Earnings Call Insight

    Net funded income rose 5.5% YOY to AED 8.4 Bn in 2Q25 due to growth in interest-earning assets, partially offset by lower asset yield and an increase in interest-bearing liabilities. Reported Net interest margin fell 23 bps YOY and 22 bps QOQ to 3.36% in 2Q25 due to the impact of interest rate changes in UAE and Turkey.
  • UAE Flag
    EARNINGS CALL INSIGHT
    25 Jul 2025
    Abu Dhabi Islamic Bank (ADIB)
    HOLD
    AED 23.80
    AED 25.00
    +5.04%

    UAE Equity Research- Abu Dhabi Islamic Bank (ADIB)-2Q25-Earnings Call Insight

    Net funded income grew 13.8% YOY to AED 1.9 Bn in 2Q25, primarily driven by strong growth from Islamic Financings, partially offset by an increase in funded expense. ADIB continued to expand its customer base, with 145,000 new customers joining in 1H25, bringing its total customer base to 2 Mn with 75% acquired through digital channels.

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