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NBAD Q3 profit falls 3pc, missing forecasts

ABU DHABI, October 28, 2015

National Bank of Abu Dhabi (NBAD), the largest lender by assets in the UAE, on Wednesday, reported a 3 per cent drop in third quarter profit, missing analysts' forecasts.

NBAD, almost 70 per cent owned by Abu Dhabi's government, made a net profit of Dh1.33 billion ($362 million) in the three months to September 30, down from Dh1.37 billion in the corresponding period of last year.

Four analysts polled by Reuters had forecast an average net profit of Dh1.45 billion. - Reuters




Tags: profit | NBAD |

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