VOL. XXXII
NO. 31
8-MAY-1989
Financial and Banking News
REGIONAL BANKING
NBAD Posts Illusory Recovery
The National Bank of Abu Dhabi (NBAD) has published its results for 1988which show a significant recovery from the bank's Dh141mn ($38mn) loss in 1987.It has reported its highest level of profits in five years, at Dh86.6mn ($24mn),and a 23.5% increase in total assets to Dh24.6bn ($6.7bn), and thereby regainedits traditional position as largest bank in the UAE as ranked by assets - aposition which...
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