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FinancialNews
29-10-19
Emirates NBD profits up to USD3.4bn
(MENAFN) Emirates NBD, a leading bank in the region, delivered a strong set of results with net profit jumps 63percent year-on-year to USD3.4 billion for the first nine months of this year.
The bank said the results include USD1.19 billion impact from the Network International transaction. Post DenizBank gaining, core operating profit grew 5percent y-o-y, supported by a 17percent increase in net interest income on loan growth and a 31percent increase in non-interest income from higher foreign exchange and credit card income.
The bankØ·s balance sheet remains strong with healthy liquidity and credit quality. A rights issue has been announced to further boost capital ratios, it said.
MENAFN2910201900450000ID1099192878
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