NBD H1 profit up 51pc

DUBAI — National Bank of Dubai (NBD) announced yesterday a net profit of Dh673.1 million for the first half of the year, up by 51.1 per cent compared to the same period last year. ”The net interest income (NII) of the bank was up by 108.8 per cent at Dh 493.3 million.

By (Wam)

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Published: Thu 28 Jul 2005, 10:34 AM

Last updated: Thu 2 Apr 2015, 2:48 PM

Other income rose 48.1 per cent to Dh 416.1 million in H1, an increase of Dh 135.2 million over the corresponding half in 2004, a bank statement said. Operational profits jumped to Dh 909.4 million from Dh665.4 million for the period under review. Loans and advances grew to Dh 23.8 billion in the first half from Dh16.6 billion at the end of December 2004, investment securities increased by 7.7 per cent to Dh 15.2 billion from Dh14.1 billion at the year-end, while customers’ deposits were up by 4 billion to dh 35.5 billion from dh 31.5 billion.

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