28.07.2009 - Emirates NBD profits fall on bad loans
From Thenational.ae: Emirates NBD, the UAE’s largest bank by assets, saw second-quarter net profit fall 41 per cent as it booked more bad loan provisions. Net income fell to Dh852.1 million dirhams (US$232 million) from Dh1.45 billion a year earlier, according to a statement to the Dubai Financial Market. The bank booked Dh1.6 billion in provisions for the first half of the year...........Full Article: Source