Emirates NBD, Dubai’s largest lender, has posted a net profit of $2.27 billion in 2017, a 15% rise from the $1.97 billion it reported in 2016. Net interest income rose by 7% in 2017, while non-interest income registered 1% growth.
According to a statement from the bank, the results were driven by loan growth and interest rate rises.
Emirates NBD Group CEO Shayne Nelson said the yearly figures were underpinned by higher income, a control on expenses and a lower cost of risk.
https://www.forbesmiddleeast.com/en/emirates-nbd-profits-rise-15-to-2-27-billion-in-2017/
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