| The National Bank for Development (NBD) in cooperation with Abu Dhabi Islamic Bank (ADIB) announced its 2011 financial results, which revealed positive indicators despite the circumstances the Egyptian economy faced during the past year. Nevine Loutfy, Managing Director and CEO of NBD, said, "Throughout the past year the bank achieved solid growth in order to complete its development strategy that it has adopted since its acquisition, which has proved its strength in achieving high growth rates across various business fields."
She also added, "NBD's achievements during 2011 confirmed the strong and outstanding performance of the bank's employees, which was reflected in the significant growth in both assets and liabilities, in addition to increasing the bank's market share and reducing the provisions gap, thus strengthening the overall financial position." (Press Release)
|