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Islamic Finance Briefing - Categorized | Banking, Performance more

Egypt NBD net loss doubles to $130mln

Posted on 16 March 2009

From Tradearabia.com: National Bank for Development (NBD), an Egyptian bank controlled by Abu Dhabi shareholders, said on Sunday its net loss for 2008 has more than doubled compared to a year earlier.

The bank said in a statement to the Egyptian stock exchange its net loss stood at 738.9 million Egyptian pounds ($130 million) in the year to end-December. Net loss in 2007 was 328.7 million pounds….. Full Article: Source

 
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