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...
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