The National Bank of Dubai has expanded its United Arab Emirates (UAE) network with the opening of a pay office at the Sharjah City Center.
NBD operates as a public joint stock company. Founded in 1963, NBD is the oldest locally incorporated bank in the southern Gulf. From its new Dubai headquarters it operates 28 branches and pay offices in the United Arab Emirates (UAE) and two branches in London.
The bank recorded a 25 percent net profit increase in 2002 to 569 million Emirati dirhams ($154.9 million). As a result, earnings per share were Dh 5.24 as compared to Dh 4.15 last year. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
