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Islamic Finance Briefing - Categorized | Banking, Performance more

National Bank Of Abu Dhabi Q1 profit up 36pct

Posted on 24 April 2013

Higher income from investments and fees helped National Bank of Abu Dhabi, the United Arab Emirates’ largest lender by market value, to a 35.5 per cent jump in first-quarter net profit, the bank said on Tuesday.
The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013, beating the average forecast of Dhs1.09 billion in a Reuters poll of analysts.Impairment charges for the first quarter of this year were Dhs322 million, up three per cent higher on the corresponding period last year………………………………………..Full Article: Source

 
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