National Bank of Abu Dhabi PJSC, the United Arab Emirates' second-biggest bank by assets, said first-quarter profit jumped 45 percent, helped by surging loan demand in a booming economy and a one-time gain.
Net Income advanced to 874.6 million dirhams ($238 million), or 0.45 dirhams a share, from 601.3 million dirhams, or 0.31 dirhams a share, in the year-earlier period, the Abu Dhabi-based bank said in an e-mailed statement today. The profit increase was helped by a one-time profit of 165 million dirhams from the sale of a land plot in the northern emirates. ... Read full article