Financial and Banking News
National Bank of Abu Dhabi Reports Slight Rise in Profits for 1991
The National Bank of Abu Dhabi (NBAD) reported a 2.7% increase in profitsto Dh92.6mn ($25.2mn) in 1991 from Dh90.2mn ($24.6mn) in 1990. Last year'sperformance marks an improvement over 1990, when profits fell by 16% from theprevious year. Provisions were increased by 36.6% in 1991 to Dh68.3mn, up fromDh50mn in 1990. Operating profit (before provisions)...