VOL. XXX

NO. 24

23-MARCH-1987

Financial and Banking News

REGIONAL BANKING

Three Dubai Banks Release Mixed Results

Results for 1986 from three of Dubai's principal banks show mixedperformances, although much of the depression of the previous year's results hasnow lifted. The National Bank of Dubai (NBD), which acts as the repository ofthe Dubai government's finances and is the most profitable bank in the UAE,retained its now-customary 40% dividend on net profits of Dh375.1mn ($102mn),virtually...