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Alex Thursby.

NBAD shares dip as net income growth lags behind rival

: Wednesday, January 29 - 2014 @ 14:31

The Abu Dhabi market index ADXGI surged 1.63 per cent, closing at 4,660.74 points on Wednesday, January 29. The biggest lender of the sheikhdom, National Bank of Abu Dhabi (NABD), declined by 1.56 per cent to AED15.80. On Tuesday, NBAD said its net income in 2013 climbed by 9.3 per cent, amounting to AED4.73 billion $1.29bn). Its top rival, Emirates NBD, reported an increase of 27 per cent year on year in net profits earlier in the week.

Gérard Al-Fil

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Wednesday, January 29- 2014 @ 14:31 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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