National Bank of Abu Dhabi (NBAD) announced yesterday that it has posted 11.7 billion dirhams in profits.

Media IN+ Agencies – Abu Dhabi – 25 October 2018
Net profits of 11 national banks rose to 22.7 billion dirhams in the first nine months of 2018, an increase of 11.3 percent compared to 20.4 billion dirhams during the same period of 2017.

According to the analysis of the performance of banks that have disclosed their financial statements so far, the profits of 8 banks listed on the Abu Dhabi Securities Market reached 16.5 billion dirhams during the period from January to the end of September of this year, an increase of 10.7% compared to 14.9 billion dirhams during the same period of the year 2017.

In the Dubai Financial Market, the profits of 3 banks amounted to 6.2 billion dirhams during the period of monitoring, an increase of 12.7% compared to 5.5 billion
During the year 2017.

The Bank of Abu Dhabi continued its first position with net profits of AED 9.08 billion at the end of the first nine months of 2018, compared to a profit of AED 8.09 during the same period of 2017.

Dubai Islamic Bank came in second place with net profit of AED 3.62 billion for the first nine months of this year, up 14% from AED 3.17 billion for the same period in 2017.