National Bank of Abu Dhabi's profits up
|
|
Abu Dhabi, July 24 (IANS/WAM) The National Bank of Abu Dhabi's (NBAD) net profits rose by 6.9 percent to 2,087 million dirhams (about $568 million) in the first half of 2012.
The figure was 1,953 million dirhams in the first half of 2011.
Net profits for the second quarter of 2012 at 1,046 million dirhams were also higher by 2 percent compared to the second quarter of the previous year at 1,026 million dirhams.
The annualised return on shareholders' funds for the first half is 16.9 percent in line with the targets for the medium-term.
NBAD chairman Nasser Alsowaidi said: "The Bank had another good quarter and continues to deliver a strong set of financial results."
--IANS/WAM
snb
Read More: World Bank | Bank Street | Dhabi Kalan | Bank Bazar | Bank Road | Dewas Bank Note Press | State Bank Of Hyderabad | State Bank Of India | State Bank Of Mysore Colony | State Bank Colony | Vennar Bank So | Reserve Bank Building | Reserve Bank Nm Ltd. | Rose Bank Ndso | Jalpaiguri Bank . | Red Bank | Bank Harpur So | Bank | Mohana Bank | Right Bank Tenughat S.o.
|
|
|
|
|
|
|
|
|||||
Comments: