Emirates NBD has grown by 12% in profits, reaching AED 2.3 billion in the first quarter of 2021 compared to the same period last year, increasing 76% compared to the previous quarter.
According to Arab Net, analysts' expectations indicate profits of a billion and 600 million dirhams.
This comes despite a 10% decline in an annual basis.
The Bank has reduced its provisions by 31% in the first quarter on an annual basis, while the ratio of 6.1%. Provisions coverage rose to 125%.
Emirates NBD has reduced its costs by 9% on an annual and exclusive basis.
Emirates NBD plans to collect $ 1.75 billion in the first sustainable loan in the Gulf Refinerance, according to persons familiar with plans.
The sources said that nearly 20 banks participating in the loan, said Bloomberg, and was briefed in Arabic.
