National Bank of Abu Dhabi (NBAD), the UAE's largest lender by market value, reported a 71-percent jump in quarterly profit on Tuesday, above forecasts, as deposits grew and asset quality improved.
NBAD also said it has about $400 million exposure to Egyptian entities. The North African state has been racked by political unrest as protestors demand the end of President Hosni Mubarak's 30-year rule.
NBAD had profit of 732 million dirhams ($199.3 million) in the three months to Dec 31, up from 429 million dirhams in the prior-year period, it said in a statement.
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