Lower net investment gains weigh on National Bank of Abu Dhabi profit | GulfNews.com:
"National Bank of Abu Dhabi (NBAD), Abu Dhabi’s biggest bank by assets and market capitalisation said yesterday its fiscal third quarter net profit fell 8 per cent on year to Dh1.04 billion, although the net income for the first nine months this year rose 13.8 per cent on the year to Dh3.66 billion.
In a statement, NBAD said its revenue in the third quarter fell 2.5 per cent on year as stronger fee and net interest income was offset by lower net investment gains and other operating income. The bank’s loans increased 5.2 per cent in the quarter ended September to Dh182.5 billion while customer deposits rose 18.5 per cent to Dh229.5 billion from the same quarter a year ago.
NBAD said its total assets in January-September period increased 14.8 per cent to Dh345.1 billion, while loans increased 10.9 per cent to Dh182.5 billion and customer deposits rose 20.6 per cent to Dh229.5 billion."
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