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Islamic Finance Briefing - Categorized | Banking, Performance more

Emirates NBD Q1 2013 profits up 31 pct

Posted on 26 April 2013

Emirates NBD’s Chief Executive Officer Rick Pudner, said, “Emirates NBD has once again delivered a robust set of results with a net profit of AED 837 million in the first quarter of 2013, up 31 per cent in comparison with the same quarter in the previous year. While the global economic climate continues to remain uncertain, with our strong financial performance, we aim to continue building on our solid foundations to drive the bank forward while achieving our strategic objectives.”
Emirates NBD’s Chief Financial Officer Surya Subramanian, said, “Pre-provision operating profit, a core strength for the bank, shows signs of growth after a few resilient quarters last year. The Retail business and Islamic franchise have been a key driver for this growth. Our balance sheet is well managed and we continue to de-risk the book.”……………………………………….Full Article: Source

 
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