بنمو يتجاوز 30%.. 8.4 مليار درهم الأرباح المتوقعة لأكبر 3 بنوك في دبي بالربع الثالث 2023

Watch بنمو يتجاوز 30%.. 8.4 مليار درهم الأرباح المتوقعة لأكبر 3 بنوك في دبي بالربع الثالث 2023 - CNBCArabia on Dailymotion

Transcript

00:00 So, it is the season of announcing the results of companies and banks.

00:04 It is a leading sector for the Dubai market or even for Abu Dhabi market.

00:08 We heard the results from FAB.

00:10 How will the results be for the bank leadership in Dubai in the third quarter?

00:14 And of course, the main file that we are watching is the impact of banks on the process of increasing interest rates

00:20 in the first nine months of this year compared to the first nine months of last year.

00:25 As for Emirates NBD, which is a leading sector for the Dubai market, the expected increase in profits

00:31 is 38% and these figures are related to the third quarter of 2022 compared to the third quarter of 2023.

00:42 The Islamic Bank of Dubai is talking about an increase of 8%.

00:45 Notice that the expected interest rate changes from one bank to another

00:50 depending on the type of the bank's loan. How fast can we have a repricing on the increase in interest rates?

00:57 This also plays a role.

00:59 We also have to monitor the liquidity cost for these banks

01:03 because it was also changing between banks during the past period.

01:07 The East expects to see an increase in profits of 43%.

01:11 And we remind you again that FAB announced very positive results.

01:17 The profit increase was 52% in nine months

01:20 if we exclude the non-repeated profits that we saw in the first nine months of last year.

01:25 We had an increase in loans, but the increase in deposits was faster.

01:29 The deposits increased by 5%, while the loans increased by only 3%.

01:34 And the overall assets increased by about 3%.

01:37 This is the contribution of the National Bank of Dubai.

01:39 We are talking about profit returns or trailing P/E less than the trailing P/E in the Dubai market.

01:45 The Dubai market is cheaper than the market and even cheaper than other banks in the Abu Dhabi market.

01:52 From the beginning of the year, we saw an increase in the share price by about 33%

01:57 before we saw some kind of a decline.

01:59 The reason for these declines that we saw in October is the geopolitical risks.

02:03 Because the NBD order is a leading share when the foreign investor's share price declined,

02:09 this is reflected on the share price.

02:10 This is the contribution of the Bank of Dubai. We noticed a 6% decline from the beginning of the year.

02:15 We noticed that the declines that we saw in October were more severe compared to the Dubai market

02:24 compared to the Emirates NBD.

02:28 And the Bank of the East, from the beginning of the year, 53% increase in profit returns.

02:33 This is very tempting and very cheap. And everyone is waiting to see how the results will be in the third quarter.

02:41 I remind you that the Dubai market is cheaper than the Abu Dhabi market.

02:48 [BLANK_AUDIO]