National Bank of Abu Dhabi PJSC, the United Arab Emirates’ second-biggest lender by assets, plans to sell bonds after reporting a higher-than-expected increase in fourth-quarter profit.
Net income rose to 1.12 billion dirhams ($305 million) from 724 million dirhams a year earlier, the Abu Dhabi-based bank said today in a statement. That beat the median 878 million- dirham estimate of six analysts surveyed by Bloomberg. Full-year profit climbed 17 percent to 4.3 billion dirhams, it said. Net interest income and net income from Islamic financing for the year rose 5 percent to 6.1 billion dirhams………………………………………..Full Article: Source