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Net profit in the 2nd quarter of 2019 of Dubai’s Emirates NBD increased on asset sale

Published On 18 Jul 2019 10:02 PM


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The largest bank of Dubai, Emirates NBD, on Wednesday, reported an 80 percent increase in 2nd quarter net profit assisted by the sale of a stake in Network International & strong non-interest income on foreign exchange gains. There was a gain of Dhs2.1 billion which is equivalent to $572million included in the result from the sale of a stake in digital payment provider Network International in an early public offering in London in April. ....


Tags : United Arab Emirates, Dubai, UAE, Emirates NBD, EFG Hermes, Network International,
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