Financial and Banking News
National Bank Of Abu Dhabi Boosts Profits Again
National Bank of Abu Dhabi (NBAD) has declared profits of Dh114.7mn ($31mn)for 1992, a 24% rise on the previous year and the highest since 1982. Thedividend has been increased to 10% cash, from 8%. The increase was due both toimproved net interest income and other income, as well as to a reduction incosts. Provisions increased again, largely due to stringent requirements imposedby...