| Higher income from investments and fees helped National Bank of Abu Dhabi, the United Arab Emirates’ largest lender by market value, to a 35.5 per cent jump in first-quarter net profit, the bank said on Tuesday.
The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013, beating the average forecast of Dhs1.09 billion in a Reuters poll of analysts.Impairment charges for the first quarter of this year were Dhs322 million, up three per cent higher on the corresponding period last year...............................................Full Article: Source
|