Financial and Banking News
National Bank of Dubai Piles Up Profits
The National Bank of Dubai (NBD), which has consistently been the mostprofitable of the large banks in the UAE - indeed, in the whole Gulf - haspublished a typically conservative balance sheet for 1989 showing anotherincrease in profits, to Dh438mn ($119mn), which represents a return on averageassets of 1.94% and a return on average equity of 13.49%. The bank repeated itsnow...
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