Financial and Banking News


Big Abu Dhabi Banks Improve Results

The two principal Abu Dhabi based banks have both reported improvements in their 1986 financial results, with the National Bank of Abu Dhabi (NBAD) increasing its net income after four consecutive years of falling profits and Abu Dhabi Commercial Bank (ADCB), which was formed by merging three smaller banks in 1985, cutting its heavy first year losses.

NBAD succeeded in increasing its profits from Dhl2.7mn...