Emirates NBD Q3 profit rises 16 pct, lifted by higher net interest income | Reuters

Emirates NBD Q3 profit rises 16 pct, lifted by higher net interest income | Reuters:

Emirates NBD (ENBD), Dubai’s largest lender, posted a 16 percent rise in third-quarter net profit on Tuesday as net interest income jumped and impairments for bad loans eased.

The bank made a net profit of 2.64 billion dirhams ($718.8 million) in the three months to Sept. 30, a statement from the bank said, compared to 2.28 billion dirhams in the corresponding period of 2017.

The results were broadly in line with the average forecast of three analysts polled by Reuters of a net profit of 2.57 billion dirhams.