VOL. XXXII

NO. 22

6-MARCH-1989

Financial and Banking News

REGIONAL BANKING

Three UAE Banks Increase Profits

Three banks in the UAE - National Bank of Dubai (NBD), Commercial Bank ofDubai (CBD), and National Bank of Ras al-Khaimah (NBRAK) - have declaredprofits for 1988 which are higher than in the previous year. Although all threewere in any case among the most profitable banks in the country in 1987, theirimproved performance in 1988 is taken as an encouraging omen for the rest of thebanking...