In the first quarter of 2024, Standard Chartered Bank in the UAE reported pre-tax profits of around $125 million (459.11 million dirhams), showing a growth of 4.17% compared to $120 million (440.75 million dirhams) in the same period in 2023. The bank’s operating profits before taxes also increased to approximately $131 million (481.15 million dirhams) in the UAE during the first quarter of 2024, marking an increase of 10.08% compared to $119 million (437.08 million dirhams) in the first quarter of 2023.
The bank’s assets in the Emirates saw a significant increase of 21.49% during the first quarter of 2024, reaching $24.559 billion (90.2 billion dirhams) compared to $20.