In the first quarter of 2024, Standard Chartered Bank in the UAE reported a pre-tax profit of approximately $125 million (459.11 million dirhams), marking 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 around $131 million (481.15 million dirhams) in the UAE during the first quarter of 2024, marking an impressive growth of 10.08% compared to $119 million (437.08 million dirhams) in the first quarter of 2023.
One of the factors contributing to this growth was a significant increase in assets in the Emirates, which reached $24.559 billion (90.2 billion dirhams) in the first quarter of 2024, up from $20.215 billion (74.