No. 27



National Bank Of Dubai

Firmer international interest rates have allowed the National Bank of Dubai (NBD) to announce a return to the profit levels of the early nineties and late eighties. Net income grew by 18% to Dh352mn ($96mn) in 1995 and the dividend has been increased to 40% of capital after two years in which it had been kept at 30%. NBD, in which the Government of Dubai has a 30% stake, is one of the most conservatively managed and most solid...