Emirates NBD reports Dh7.1b net profit, up 39% | GulfNews.com

Emirates NBD reports Dh7.1b net profit, up 39% | GulfNews.com:

"Emirates NBD (EmiratesNBD), the largest bank in the UAE by total income, net profit and branch network reported a net profit of Dh7.1 billion for the full year 2015, up 39 per cent compared to the previous year year .

The strong  performance was helped by income growth, a modest increase in costs and a lower impairment charge. The board of directors has recommended an increase in the 2015 dividend to 40 fils from 35 fils per share.

Total income for the year grew by 5 per cent  to Dh15.2 billion. Net interest income grew 8 per cent  to Dh10.2 billion due to growth in assets and a lower cost of deposits."



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