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)...
Please log in to read the rest of this story.
You may purchase access to entire MEES digital archives by subscribing. This subscription gives you access to all the content of MEES digital archives up to 1978!