Emirates NBD ENBD.DU posted sharply higher quarterly profits on Thursday though shy of forecasts while impairments on investments and bad loans hit its yearly results.
ENBD, Dubai's largest bank by market value, said fourth quarter profit was 403 million dirhams ($109.7 million) in the three months to Dec 31, up from 178 million dirhams in the prior-year period.
Analysts had forecast average profit of 448.5 million dirhams, according to a Reuters poll.
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