Emirates NBD profit up 37%
- United Arab Emirates: Thursday, May 01 - 2008 at 07:08
Emirates NBD has reported a net profit of Dhs1.19bn ($324.5m) for the first quarter of 2008 up, 37% from Dhs874 million during the same period last year due to demand growth in corporate and retail loans. Total income for the first three months of 2008 was up by 49% to Dhs2.19bn as total assets reached Dhs277.5bn at the close of the first quarter from Dhs253.8bn at the end of the fourth quarter last year.
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Jeff Florian, Senior Reporter



