The Abu Dhabi based bank achieved consolidated net profits of Dhs113.6m, which is a 43% increase from the previous year.
The firm's shareholders equity also grew substantially, increasing 32.3% in the 2007-8 accounting period.
This figure now stands at Dhs1.1bn.
Abdullah M. Al Mazrui - Chairman said: "These figures reflect a year of growth and of successful diversification at TNI. In 2007-8 we succeeded in establishing a full-service firm, with market-leading Investment Banking, Asset Management, Private Equity, Real Estate, Principle Investment & Investment Research divisions".
"I am enthusiastic about what we can accomplish in the coming year. With its experienced and talented team and indigenous heritage, TNI is well positioned to continue to grow as a premier provider of investment banking and asset management services in the region."
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The National Investor announces record profits for year ending 31st March 2008
- United Arab Emirates: Tuesday, May 20 - 2008 at 15:55
- PRESS RELEASE
The National Investor (TNI), one of the region's leading merchant banks has reported that 2007-8 was a year of record performance for the 14 year old firm.
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Notes and media contacts
Contact:Noura Budeiri
Phone: (+9712) 619 2358
Heidi Robinson
Phone : (971) 50 848 5022
Posted by Eman HassanTuesday, May 20 - 2008 at 15:55 UAE local time (GMT+4)
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