VOL. XXXIV
NO. 31
6-MAY-1991
Financial and Banking News
Regional Banking
National Bank of Abu Dhabi Reports Lower Profits for 1990
The National Bank of Abu Dhabi (NBAD) reported profits of Dh90.2mn ($24.6mn)for 1990, a drop of 16% from 1989 profits of Dh107.2mn, despite a 53% reductionin provisions which fell to Dh50mn in 1990 from DH106.9mn in 1989. Operatingprofit fell to Dh152.0mn during the year from Dh220.6mn in 1989, apparentlycaused by a 27% fall in net interest income to Dh233.0mn from...
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