VOL. XXXIX

No. 26

25-March-1996

UAE

National Bank Of Abu Dhabi Announces Record Profits

The largest bank in the United Arab Emirates, the National Bank of Abu Dhabi (NBAD), has announced profits of Dh215mn ($59mn) for 1995, an increase of 30% on the previous year, and an improved dividend. The result mirrors those of other banks in the UAE - Commercial Bank of Dubai, Emirates Bank International (see below) and Mashreqbank among them - which have also enjoyed good years in 1995 on the...