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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Dubai's Emirates NBD Profit Rises in Second Quarter

Emirates NBD Dubai Interest Rates
A man rides a bicycle past Emirates NBD head office in Dubai, UAE. Reuters file photo

Dubai's biggest lender, Emirates NBD, posted on Thursday a jump of 42% in second-quarter net profit, boosted by higher income and lower impairments.

Emirates NBD's net profit of 3.5 billion dirhams ($952.98 million) for the three months to June 30 was up from 2.46 billion in the year-earlier period.

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