National Bank of Abu Dhabi , the largest lender by market value in the United Arab Emirates, beat analyst estimates by reporting a 9.1 rise in third-quarter net profit, boosted by investment gains.
NBAD, majority-owned by the Abu Dhabi government, made a net profit of 1.12 billion dirhams ($307 million) in the third quarter compared with 1.03 billion dirhams a year ago, a statement from the bank said on Tuesday.
Profit for the first nine months of this year totalled 3.21 billion dirhams, up 7.6 percent from a year earlier.
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