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NBD in cooperation with Abu Dhabi Islamic Bank announces its Q1 2011 financial results

Posted on 24 May 2011

The National Bank for Development (NBD) in cooperation with Abu Dhabi Islamic Bank (ADIB) announced its financial results for Q1 of the current fiscal year. The financial indicators showed that the bank was not immune from the turmoil events that Egypt witnessed at the beginning of this year, which reflected negatively on the Egyptian banking sector as a whole.
The net Islamic finance portfolio amounted to EGP2,618m by the end of March 2011, compared to EGP2,302m by the end of December 2010, indicating a growth rate of 13.72%. (Press Release)

 
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