The Banque Centrale Populaire group posted a revenue of round AED2.18 billion on the finish of September, in comparison with AED2.16 billion in the identical interval final 12 months, up 1%.
Based on the monetary outcomes for the banking group, internet present loans elevated by about 2.7 p.c, whereas internet banking revenue amounted to about 14.8 billion dirhams, with a slight lower of 1.4 p.c.
The banking group mentioned that the primary 9 months of this 12 months had been characterised by an unfavorable financial context, because it was characterised by sluggish progress because of the drought and the worldwide penalties of the Russian battle in Ukraine.
The financial institution indicated that inflationary pressures affected all international locations of the world. This prompted central banks to proceed tightening financial coverage by elevating central rates of interest.