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The Domestic Bank

The Domestic Bank latest

Al Bawaba
January 31st, 2005 - 04:23 GMT

Net profits of National Bank of Abu Dhabi on the rise

National Bank of Abu Dhabi Sunday announced net profits of AED 1.14 Billion, 41% up on 2003, the first time any UAE bank has recorded a profit above AED 1 Billion. The profit represents a return of 25.7% on capital resources, one of the highest in the Gulf, and earnings per share of AED 12.08. Commenting on the result, Chief Executive, Michael Tomalin said, “We are delighted. In 1999 when ...
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