Sunday, October 23, 2011

NBAD records AED 3 Billion Net Profits in 9 Months

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.  

Nasser Ahmed Khalifa Alsowaidi, Chairman of NBAD
� 2011 Al Bawaba (www.albawaba.com)

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Source: http://www.albawaba.com/business/pr/nbad-records-aed-3-billion-net-profits-9-months-398087

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