Dubai's Emirates NBD Q4 net profit rises 17 pct | ZAWYA MENA Edition:
"Emirates NBD (ENBD), Dubai's largest lender, posted a 17 percent rise in fourth-quarter net profit on Tuesday, buoyed by loan growth, interest rate rises and higher sales. The bank, the first major lender from the United Arab Emirates to report its earnings during the quarter, made a net profit of 2.18 billion dirhams ($593.5 million) in the three months to Dec. 31, a statement from the bank said, compared with 1.86 billion dirhams in the corresponding period of 2016. SICO Bahrain forecast the bank to post a net profit of 2.23 billion dirhams for the quarter, while EFG Hermes expected a profit of 1.98 billion dirhams. "
'via Blog this'
No comments:
Post a Comment