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Islamic Finance Briefing - Categorized | Banking, Performance more

National Bank of Abu Dhabi Q2 profit falls 9.3 pct

Posted on 29 July 2009

From Reuters: National Bank of Abu Dhabi, the biggest UAE bank by market value, reported a 9.3-percent decline in quarterly profits on Tuesday, due to a surge in provisions.

NBAD said it had a net profit of 907 million dirhams ($246.9 million) in the second quarter, compared with 1 billion dirhams in the same period last year………Full Article: Source

 
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