Abu Dhabi – Mubasher: National Bank of Abu Dhabi (NBAD) saw a decrease in its profits by 0.8% year-on-year during the third quarter of 2016, according to a statement.
Net profits reached AED 1.32 billion ($359 million) in Q3-16, compared to AED 1.33 billion ($362 million) in Q3-15.
The bank generated profits of AED 3.97 billion in the first nine months of 2016, down 5.5% from AED 4.2 billion in the same period of 2015.
Net interest income declined 1.7% to AED 5.107 billion in the nine-month period of 2016, compared to AED 5.2 billion.
