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Monday, 18 July 2016

Emirates NBD reports Dh3.71b net profit in first half 2016 | GulfNews.com

Emirates NBD reports Dh3.71b net profit in first half 2016 | GulfNews.com:

"Emirates NBD on Monday reported a first half net profit of Dh3.71 billion for the first six months of 2016, up 12 per cent year on year.

For the second quarter of the year the bank’s net profits improved 16 per cent year on year and 6 per cent quarter on quarter to Dh1.91 billion.

During the first half of the year, the bank’s net interest income improved 2 per cent year on year as loan growth more than offset net interest margin contraction. Non-interest income remained flat as higher core fee income, particularly from foreign exchange, helped offset lower income from the sale of properties, the bank said in a statement."



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