Tuesday, 14 October 2008 |
updated 1 minute ago
13:50 UAE time

YOUR DIRECTORY /

Abu Dhabi bank posts record profits

by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 24 July 2008

RECORD PROFITS: for the National Bank of Abu Dhabi. (Getty Images)

National Bank of Abu Dhabi (NBAD) posted record net profit of $272.3 million in the second quarter, up about 72 percent from the year-earlier period.

NBAD's operating income jumped 60 percent to $735 million in non-interest income, according to an bank official reading from a statement being prepared for publication.

Five analysts' forecasts for NBAD's second-quarter profit ranged from $165 million to $214 million in a Reuters survey last month.

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NBAD, Abu Dhabi's largest bank by market value, made $158 million in the second-quarter of 2007 and $237 millions in the first quarter of this year. (Reuters)

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