Emirates NBD Profits Rise in 2017
by Forbes Middle East Forbes Middle East - Business News
Emirates NBD, Dubais largest lender, has posted a net profit of $2.27 billion in 2017, a 15% rise from the $1.97 billion it reported in 2016.
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- Emirates NBD
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- Shayne Nelson
Review on Emirates NBD Profits Rise in 2017
According to a statement from the bank, the results were driven by loan growth and interest rate rises.Emirates NBD Group CEO Shayne Nelson said the yearly figures were underpinned by higher income, a control on expenses and a lower cost of risk.
Based on the results, Emirates NBDs board has recommended a 2017 dividend of 40 fils per share ($0.11).
As a leading bank in the region and a front-runner in digital banking innovation with a strong balance sheet, we are well placed to take advantage of growth opportunities in our preferred markets, said Emirates NBDs Chairman, H.H. Sheikh Ahmed Bin Saeed Al Maktoum, in a statement.
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Created on Jan 18th 2018 04:28. Viewed 717 times.
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