National Bank of Abu Dhabi Second-Quarter Net Jumps 10.4%, Beats Estimates - Bloomberg

National Bank of Abu Dhabi Second-Quarter Net Jumps 10.4%, Beats Estimates - Bloomberg: "National Bank of Abu Dhabi PJSC reported a 10.4 percent rise in second-quarter profit, beating analysts’ estimates as the United Arab Emirates lender boosted income from lending and set aside less money for bad loans.

Net income rose 1 billion dirhams ($272 million) from 906.5 million dirhams a year earlier, the bank said in an e-mailed statement today. That exceeded the median estimate of five analysts for a profit of 920 million dirhams, according to Bloomberg data.

“These are a strong set of results in difficult markets reflecting the resilience and strength of the bank,” Chief Executive Officer Michael Tomalin said in the statement."