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NBAD reports 12% rise in Q3 profit

The UAE's second-biggest lender by assets, National Bank of Abu Dhabi (NBAD) has said its third quarter net profit rose 12% to Dhs1.03bn, compared to Dhs919.8m in same quarter last year, Gulf News has reported. Net profit for the first nine months of this year reached Dhs2.98bn, up 1.1% from Dhs2.95bn made in the same period a year ago.