National Bank of Abu Dhabi on Tuesday posted a one percent decline in fourth quarter net profit, missing analysts' forecasts, as the UAE lender was hurt by rising impairment charges.
The country's largest bank market value, made a net profit of 724 million dirhams ($197.27 million) for the fourth quarter, compared with 732 million dirhams for the year-ago period, it said in a statement.
Full year profit stood 3.71 billion dirhams, up 0.7 percent from 3.68 billion dirhams year-ago.
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