VOL. XXXVIII
NO. 23
6-MARCH-1995
Financial and Banking News
Bank Results
National Bank Of Dubai Resumes Profits Growth
National Bank of Dubai (NBD) has reported profits of Dh298.9mn ($81mn), 4% upon the previous year but still well below the levels recorded in the late 1980sand early 1990s. The bank has maintained its 30% dividend. NBD is one of themost conservatively-managed and soundly-based banks in the Gulf and profitmaximization is not its primary objective. More important is the avoidance of...
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