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Islamic Finance Briefing - Categorized | Banking, Performance more

Emirates NBD’s 9-month net profit down 39 pct

Posted on 26 October 2010

From Gulfnews.com: Emirates NBD, the largest UAE bank by assets, Monday reported a 60 per cent decline in third-quarter profit, which came in below analysts’ estimates. Net income for the three months ended September 30 stood at Dh424 million compared to Dh1.05 billion in the same quarter last year. Analysts had forecast an average of Dh800 million.
For the first nine month of the year, the bank reported a net profit of Dh1.9 billion, down 39 per cent from the same period in 2009……………………………………….Full Article: Source

 
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