Mashreqbank

MASQ

AEM000101018

Banks

Market Closed - Dubai FM Other stock markets 03:59:40 2024-07-05 am EDT			5-day change	1st Jan Change
198 ^AED	0.00%		+0.51%	+30.26%

Jun. 27	DBS, Dubai's Mashreq partner for same-day cross-border payments for retail clients	RE
May. 23	Moody’s Upgrades Mashreqbank’s Ratings, Revises Outlook On Enhanced Credit Fundamentals	MT

Mashreq Announces Earnings Results for the Fourth Quarter of Fiscal 2013

January 28, 2014 at 01:37 pm EST

Mashreq announced earnings results for the fourth quarter of fiscal 2013. For the quarter, the bank announced that it has reported a 48% rise in net profit. The bank earned AED 504.6 million (USD 137.38 million) in the quarter, compared with AED 342 million in the year-ago quarter.

Latest news about Mashreqbank

DBS, Dubai's Mashreq partner for same-day cross-border payments for retail clients	Jun. 27	RE
Moody’s Upgrades Mashreqbank’s Ratings, Revises Outlook On Enhanced Credit Fundamentals	May. 23	MT
Dubai's Mashreqbank Denies Receipt of Banking Licenses in Saudi Arabia, Oman, Pakistan	May. 01	MT
Mashreqbank Resumes Trading on Dubai Financial Market	Apr. 26	MT
Mashreqbank Resumes Trading After Board Meeting	Apr. 26	MT
Mashreqbank Posts Higher Q1 Net Profit, Total Operating Income	Apr. 26	MT
Mashreqbank PSC Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
Mashreqbank to Suspend Trading on Dubai Financial Market Amid Board Meeting	Apr. 25	MT
Mashreqbank Temporarily Suspends Trading Amid Board Meeting	Apr. 19	MT
Russia struggles to collect oil payments as China, UAE, Turkey raise bank scrutiny	Mar. 27	RE
Mashreq Resumes Trading on Dubai Financial Market	Mar. 26	MT
UAE's Mashreqbank to Halt Trading Amid Board Meeting	Mar. 26	MT
Mashreqbank Resumes Trading on Dubai Financial Market	Mar. 07	MT
Mashreqbank PSC Approves Cash Dividend for the Financial Year Ended 31 December 2023	Mar. 07	CI
Mashreqbank PSC Announces Changes to Its Board and Supervisory Committee Members	Mar. 07	CI
Mashreqbank Pauses Trading on Dubai Financial Market Amid General Assembly	Mar. 07	MT
Mashreq Appoints Alsalt Mohammed Al Kharusi as the Country Head of Oman	Feb. 20	CI
Mashreqbank PSC Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 29	CI
Mashreqbank PSC Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	23-10-26	CI
Mashreq Appoints Norman Tambach as Its New Group Chief Financial Officer	23-09-05	CI
Mashreq Appoints Faisal Mohammed AlShimmari as the Head of ESG and Corporate Strategy	23-08-14	CI
Mashreqbank PSC Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-26	CI
Mashreqbank PSC Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-26	CI
Mashreqbank PSC Reports Earnings Results for the Full Year Ended December 31, 2022	23-01-30	CI
UAE bank Mashreq sells $500 mln of Tier 2 bonds	22-11-17	RE

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Company Profile

Mashreqbank psc is a United Arab Emirates-based bank that provides retail banking, commercial banking, investment banking, Islamic banking, brokerage and asset management activities. The Bank is active through its business segments: the Domestic Corporate segment provides trade finance, contracting finance, project finance, investment banking, corporate advisory, cash management, wealth management, and small and medium enterprises (SME) and private banking for corporate and commercial customers in the United Arab Emirates; the Domestic Retail segment includes current account, savings accounts, fixed deposits, investment products and other services to individuals and small business; the Treasury & Capital Markets segment consists of customer flow business, among others, and the International Banking segment consists of retail and corporate business for the Bankâs overseas banking branches. The Bank's Islamic banking products include Ijara home finance and Mudarabah deposit.

Sector

Banks

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

198 AED

Average target price

219.4 AED

Spread / Average Target

+10.81%

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Other Banks

Mashreqbank

Equities

MASQ

AEM000101018

Banks

Mashreq Announces Earnings Results for the Fourth Quarter of Fiscal 2013

Latest news about Mashreqbank

Chart Mashreqbank

Company Profile

Income Statement Evolution

Ratings for Mashreqbank

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Banks