NO. 20


Financial and Banking News

Bank Results

National Bank of Dubai Increases Profits and Strengthens Liquidity

National Bank of Dubai (NBD) has declared profits of Dh466mn ($128mn) for1990, a 6.4% increase on 1989. The bank's profitability ratios, which werealready among the highest in the Gulf, have been further improved, and thetraditional 40% dividend has been proposed.

NBD has a close relationship with the Dubai authorities, giving it access tosubstantial...