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- Dubai 04:25 05:43 12:19 15:46 18:50 20:09
National Bank of Abu Dhabi (NBAD), the United Arab Emirates' largest lender by market value, posted a 35.5 percent increase in first-quarter net profit on Tuesday, beating the average forecast of analysts.
The bank made Dh1.41 billion ($383.9 million) in the first three months of 2013, versus Dh1.04 billion in the same period last year, it said in a statement.
Impairment charges for the first quarter of this year were Dh322 million, 3 percent higher than the Dh313 million posted in the corresponding period of 2012.
Five analysts polled by Reuters had on average forecast a net profit of Dh1.09 billion.
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