NO. 21


Financial and Banking News

Regional Banking

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...