Abu Dhabi-Mubasher: National Bank of Abu Dhabi (NBAD) reported a 10.6% decline in its first-quarter profits, according to a bourse statement.
Profits reached AED 1.27 billion ($345.7 million) in the first quarter of 2016, compared to AED 1.42 billion ($386.5 million) in the same quarter of 2015.
The profit decline is mainly attributed to a decrease in the bank's operating income by 1.1% during the period
