Media ININ Economy We Trust
Media In – Dubai 15 February 2018 WAM
Emirates NBD’s preliminary financial results for the fiscal year ended December 31, 2017 showed a net profit of AED 56.52 million, up 66.8% compared to AED 33.89 million in 2016.
Operating income of the bank stood at AED 172.15 million, an increase of 20.4% compared to AED 142.98 million in 2016. In contrast, total assets under management decreased by 9.5% to AED 10.53 billion compared to AED 11.63 billion in the fiscal year 2016.
Khalid Safri, Chief Executive Officer of Emirates Investment Bank, said: “The bank has achieved strong performance in 2017 despite the continuing instability in the regional markets.” As a local bank, we spare no effort to support the development of the UAE’s banking sector. The state is enough to make it a leading global wealth management center that meets the needs of residents and non-residents seeking the best options and solutions in this area
