“To be the region’s most progressive bank enabling innovative possibilities for our clients, colleagues and communities” 3 Mashreq Investor Presentation UAE economy Mashreq heritage Structure and Leadership Strategy Financial track record Trading history, rating and dividends Corporate governance & Risk Mgmt. |. Thus, the new name of the station has become Mashreq Metro Station. On the other hand, customer deposits declined by 2.7% to AED88.5bn, while loan-to-deposit ratio remained strong at 88.5%. Historical Total Assets (Quarterly) Data. However, non-NRSRO personnel may participate in determining credit ratings issued by or on behalf of the NRSRO. Assets and Asset quality. Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv. Mashreq Global Services (MGS) is a wholly owned subsidiary of Dubai-headquartered Mashreq Bank, the oldest private bank in the United Arab Emirates (UAE). View and export this data going back to 2009. Ratings do not comment on the adequacy of market price, the suitability of any security for a particular investor, or the tax-exempt nature or taxability of payments made in respect to any security. The following table shows the ranking of the 50 largest Arab banks based on total assets. The bank is positively geared for interest rate hikes and the impact of lower margins is offset by the bank's large share of non-interest income, high proportion of CASA deposits and by the bank's cost efficiency. This website uses cookies to improve your online experience. Mashreq's asset quality is sound. All data and information provided on this site is for informational purposes only. Last year we recorded a Net Profit of AED 803 million from a Total Operating Income of AED 4.4 billion over the same period. Its market share has been stable on the back of conservative growth and strong balance sheet clean up in the last few years. While Mashreq's franchise is well established in the UAE, the bank lags behind its larger UAE peers in terms of market shares and size. Emirates NBD was initially formed as National Bank of Dubai (NBD) on 19 June 1963 by then Dubai's ruler Sheikh Rashid bin Saeed Al Maktoum, forming the first national bank established in Dubai. PUBLISHED RATINGS, CRITERIA, AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. A full list of rating actions is at the end of this rating action commentary. Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon. Qatar National Bank (QNB) occupies the first place in the list. As a result, despite any verification of current facts, ratings and forecasts can be affected by future events or conditions that were not anticipated at the time a rating or forecast was issued or affirmed. Mashreq is the fifth-largest bank in the UAE, with a 5.4% market share of total system assets at end-1H20. All Fitch reports have shared authorship. In certain cases, Fitch will rate all or a number of issues issued by a particular issuer, or insured or guaranteed by a particular insurer or guarantor, for a single annual fee. Copyright © 2018 by Fitch Ratings, Inc., Fitch Ratings Ltd. and its subsidiaries. Mashreq can afford to let go of expensive deposits given its reasonable asset growth. Fitch's view of support factors in the sovereign's strong capacity to support the banking system. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. 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