National Bank of Abu Dhabi profits up 18 percent
The National Bank of Abu Dhabi (NBAD) reported a net operating income of 608 million Emirati dirhams ($165.5 million) in 2001, an 18 percent climb compared with the previous year, reported Al-Hayat . The bank’s net income for 2001 is the highest in the bank’s history.
NBAD was founded by the government in 1968. It operates 13 overseas branches in Egypt, Oman, Sudan, the United Kingdom, France and Bahrain. The network also includes Abu Dhabi International Bank, a subsidiary incorporated in Curacao, Netherlands Antilles but which functions as a branch in Washington. — (menareport.com)
© 2002 Mena Report (www.menareport.com)