UPDATE 1-Dubai's Emirates NBD Q3 net profit narrowly misses estimates | Reuters:
"Dubai's largest lender, Emirates NBD (ENBD), reported a slightly lower-than-expected third-quarter net profit as net interest income slipped and costs rose.
The quarter marked an end to 16 straight quarters of a rise in earnings for the bank, as net profit dropped 1 percent, signaling the fallout from a growth slowdown in Dubai's economy.
The lender's earnings also took a hit from additional provisions set aside for Emirates Islamic, its sharia-compliant arm, to cover bad loans in the small- and medium-sized enterprise sector."
'via Blog this'
No comments:
Post a Comment