National Bank of Abu Dhabi , the UAE’s largest lender by market value, posted a 55-percent rise in fourth-quarter net profit, beating analysts’ forecasts, helped by higher investment income and lower impairment charges.
The majority state-owned bank made a net profit of 1.12 billion dirhams ($305.2 million) in the fourth quarter compared with 724 million dirhams for the prior-year period, it said in a bourse statement on Tuesday………………………………………..Full Article: Source