Dubai-Mubasher: Emirates NBD posted a rise of 8% in its first-quarter net profits, according to a bourse statement.
The bank generated net profits of AED 1.8 billion ($490 million) in the first quarter of 2016, compared to AED 1.67 billion ($455 million) in the same quarter of 2015.
Deposits grew 12% to AED 290.9 million ($79.2 million) during the period, compared to AED 260.4 million ($70.89 million).
The bank’s stocks remained unchanged at AED 8.2 by 10:15am UAE time, with turnover of AED 250,000 ($68,065) generated from the exchange of 25,000 shares.
