Mashreq Bank Psc operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Mashreq Bank Psc with three other
companies in this sector in United Arab Emirates:
Dubai Islamic Bank PSJ
sales of 8.21 billion Arab Emirates Dirhams [US$2.23 billion]
of which 41%
was Retail & Business Banking),
First Gulf Bank P.J.S.C.
(11.28 billion Arab Emirates Dirhams [US$3.07 billion]
of which 22%
was Consumer Banking), and
Abu Dhabi Islamic Bank
(6.44 billion Arab Emirates Dirhams [US$1.75 billion]
of which 50%
was Retail Banking).
Mashreq Bank Psc reported sales of 8.92 billion Arab Emirates Dirhams (US$2.43 billion)
December of 2016.
increase of 6.6%
versus 2015, when the company's sales were 8.37 billion Arab Emirates Dirhams.
This was the fourth straight year of sales growth at Mashreq Bank Psc.
Sales of Head Office saw an increase
that was more than double the company's growth rate: sales were up
45.6% in 2016, from
261.87 million Arab Emirates Dirhams to 381.34 million Arab Emirates Dirhams.
Mashreq Bank Psc also saw significant increases in sales in
International Banking (up 12.5% to 1.46 billion Arab Emirates Dirhams)
Insurance (up 10.6% to 435.02 million Arab Emirates Dirhams)
Not all segments of Mashreq Bank Psc experienced an increase in sales in 2016:
sales of Retail fell 8.4% to 1.68 billion Arab Emirates Dirhams.
Mashreq Bank Psc also experienced decreases in sales in
Corporate (down 0.3% to 1.32 billion Arab Emirates Dirhams)