Emirates NBD, Dubai’s biggest lender, on Thursday reported a net profit of 6.72 billion dirhams ($1.82 billion) in Q1 2024, up 12% from AED 6.02 billion in the same period last year on higher income coupled with recoveries on impaired loans.The net profit beat analysts’ mean estimate of AED 4.5 billion, according to LSEG data.Total operating income was AED 10.66 billion versus AED 10.46 billion in the prior-year period on "excellent deposit mix, solid loan growth and strong fee & commission growth across all business segments," the lender said in a staement on Dubai's DFM where...

https://www.emirates247.com/business/economy-finance/emirates-nbd-s-profit-surge-67-to-a-record-aed-6-7-billion-in-q1-24-2024-04-25-1.731703

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