| 02.02.2010 - NBAD net profit slips on extra provisions |
| 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 |