For National Bank of Abu Dhabi (NBAD), the ratio has marginally declined from 24.53% to 26.44% in 1H09.
Mashreq bank has not been able to control the drop in efficiency ratio as it has gone from 36.62% in 1H08 to 37.53% in 1H09.
Likewise, Abu Dhabi Commercial Bank's efficiency ratio went from 31.11% to 33.37% during this period.
But Emirates NBD has been able to control the ratio and improve the efficiency of the bank. Its ratio has improved from 37.42% in 1H08 to 32.84% in 1H09.
(Mac Capital Advisors)
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FGB tops efficiency ratios among UAE banks
- Middle East: Thursday, September 03 - 2009 at 14:17
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According to a study on UAE banks by Credit Suisse, First Gulf Bank (FGB) with a cost to income ratio of 20.9% for 1H09 has the highest efficiency ratio amongst UAE banks. FGB has tightened its costs by Dhs36m or 12% quarter-on-quarter, making it one of the most efficient banks in the world. The cost-to-income ratio was 22.2% in 1Q09. FGB has maintained the efficiency ratio at the same level through 1H08 and 1H09 at around 20%.
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StaffThursday, September 03 - 2009 at 14:17 UAE local time (GMT+4)
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