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FINANCIAL NEWS
Emirates NBD records USD227.8m Q1 profit
26 Apr 2013
(MENAFN) Emirates NBD announced that its first quarter net profits increased 31 percent, netting to a total of USD227.8 million, reported Gulf News.
The bank’s customer loans totaled to USD60 billion this quarter, a 1-percent rise from the previous quarter. Meanwhile, customer deposits amounted to
USD60.7 billion, a 4-percent increase from a quarter ago.
The majority of the bank’s success comes from the UAE’s strong position and expansion in non oil sectors, that’s expected to grow 3.9% in 2013.
However, the bank has mentioned that it aims to increase revenue from operations outside the UAE within the next 5 years.
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