Financial and Banking News
NBD Profitability Unchanged
The National Bank of Dubai (NBD), which acts as the treasury for thegovernment of the emirate of Dubai, has released figures for 1987 which show netprofits virtually unchanged at Dh377.2mn ($103mn). A 40% dividend is being paidfor the third successive year. Total assets increased by 4.1% to Dh21 ,021.1mn($5.7bn), with the bulk of the balance sheet growth resulting from a Dh823mn(5.2%:) increase in...
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