Tuesday 24 July 2012

UPDATE 1-National Bank of Abu Dhabi Q2 profit edges up, meets estimate | Reuters

National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, reported a 2-percent rise in quarterly profit on Tuesday due to higher net interest income, meeting forecasts.

NBAD had second-quarter net profit of 1.05 billion dirhams ($284.8 million), up from 1.03 billion dirhams in the same period a year earlier, the bank said in a statement.

Analysts had forecast an average profit of 1.031 billion dirhams in a Reuters poll.

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