National Bank of Abu Dhabi (NBAD) ? the Safest Bank in the Middle East - achieves a cumulative net profit of AED 2,984 million for the nine months of 2011, 1.1% higher compared to AED 2,951 million earned in the corresponding period of 2010.
Third quarter profit increased by 12.1% to AED 1,031 million compared with AED 920 million earned in the third quarter of previous year.
The annualised return on shareholders? funds for the nine months of 2011 is 17.7% in line with the target for 2011.
� 2011 Al Bawaba (www.albawaba.com)
Source: http://www.albawaba.com/business/pr/nbad-records-aed-3-billion-net-profits-9-months-398087
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