Mubasher TV
Contact Us Advertising   العربية

Emirates NBD’s net profits hit AED 2.2bn Q4

Emirates NBD’s net profits hit AED 2.2bn Q4
Emirates NBD’s board recommended distribution of AED 0.4-per-share dividends
Emirates NBD
EMIRATESNBD
0.29% 17.30 0.05

Dubai – Mubasher: Emirates NBD Bank reported a 17.16% increase in net profits in the fourth quarter of 2017, which reached AED 2.1756 billion ($592.25 million), compared to AED 1.8569 billion ($505.5 million) in the year-ago period.

The bank’s net profits surged 15% to AED 8.345 billion in 2017 versus AED 7.239 billion a year earlier, according to a filing to the Dubai Financial Market (DFM).

The operating revenue rose 5% to AED 15.46 billion at the end of 2017, in comparison with AED 14.75 billion in 2016, Emirates NBD’s data showed.

Emirates NBD’s board recommended distribution of AED 0.4-per-share dividends, which account for 40% of its capital or AED 2.2231 billion, the banks said in a statement.