Emirates NBD first quarter profit rises 60 per cent, beats estimates | The National

Emirates NBD first quarter profit rises 60 per cent, beats estimates | The National:



"Emirates NBD (ENBD), Dubai’s largest lender, posted a 60 per cent rise in first-quarter net profit on Wednesday, beating analysts’ forecasts.



The lender, 55.6-per cent owned by state fund Investment Corporation of Dubai, made a net profit of Dh1.67 billion in the three months to March 31, a statement from the bank said. This is up from Dh1.04bn in the same period of 2014.



Four analysts polled by Reuters on average forecast Emirates NBD would make a fourth-quarter net profit of Dh1.46bn."



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