The profits of Emirates NBD Bank witnessed a 50% jump at the end of the third quarter of this year, on an annual basis, to reach the end of the period to 3.7 billion dirhams.
Emirates NBD said in a statement today, Thursday, that the increase in profits during the comparison periods is mainly due to the increase in net interest income and Islamic financing income by 36% to 6 billion dirhams, despite the increase in quarterly provisions by 24%.
In terms of Emirates NBD's financial results in the first nine months of this year, the bank's profits exceeded its total profits in the past year completely, exceeding the 9 billion dirhams barrier at the end of the previous period of this year.
At the end of last week, Emirates NBD announced the issuance of five-year bonds worth $500 million at 155 basis points above US Treasuries in its first issuance this year, while the issuance received requests for more than one billion dollars.
