Mon, Nov 24, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Performance more

NBAD net profit slips on extra provisions

Posted on 02 February 2010

From Thepeninsulaqatar.com: Higher than expected provisions for bad loans weighed on National Bank of Abu Dhabi’s (NBAD) fourth-quarter earnings, as the bank planned for a further decline in credit quality in 2010.

The bank, Abu Dhabi’s largest by market value, said yesterday net profit dropped 13 percent to Dh429m ($116.8) in the three months ended December 31, due to higher impairment charges…………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« May    
 12
3456789
10111213141516
17181920212223
24252627282930