Dubai bank Emirates NBD ENBD.DU posted a small rise in third-quarter net profit on Monday, sending its shares higher as it beat analysts' expectations, but said it remained cautious after soaring credit impairments dampened growth.
Emirates NBD, the United Arab Emirates' largest bank by assets, said net profit rose three percent to 1.05 billion dirhams ($285.9 million) from 1.02 billion dirhams in the third quarter of 2008.
Two analysts polled by Reuters had forecast an average third-quarter net profit of 580 million dirhams. [ID:nL4495965]
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