ENBD posts 25% jump in Q1 profits

April 26, 2014 3:23 am

Dubai-based lender, Emirates NBD has reported a 25% jump in its first-quarter net, thanks to a rise in both interest and fee income. The bank made a net profit of Dhs1.04bn ($283.7m) in the three months to March 31, compared with Dhs837m in the same period last year. Total income climbed 27% year-on-year to Dhs3.3bn and was 5% higher than the previous quarter. Total assets also grew 1% to Dhs347.1bn, compared with Dhs342.1bn at the end of 2013