UPDATE 1-Loan, margin growth lift Emirates NBD quarterly net profit - Reuters:
Emirates NBD, Dubai’s largest bank, reported a 15 percent rise in first-quarter net profit as loan growth and improved margins offset an increase in provisions and operating costs, beating analysts’ expectations.
The bank said on Wednesday it made a net 2.7 billion dirhams ($735 million) in the three months ended March 31, compared with 2.39 billion in the year-ago period.
SICO Bahrain had projected a net profit of 2.54 billion dirhams, while EFG Hermes predicted 2.4 billion.
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