NBAD earns Dh3 billion net profits in 9 months

National Bank of Abu Dhabi (NBAD) has achieved a cumulative net profit of Dh 2,984 million for the nine months of the current year which is 1.1per cent higher as compared to Dh 2,951 million earned in 2010.

Third quarter profit increased by 12.1 percent to Dh1,031 million compared with Dh 920 million earned in the third quarter of previous year.

The annual return on shareholders’ funds for the nine months of 2011 is 17.7 per cent in line with the target for 2011.

* username: rupertbu