Emirates NBD Q1 net profit up 12% to $626m
DUBAI, 6 hours, 23 minutes ago Emirates NBD has posted a net profit of AED2.3 billion ($626 million) for the first quarter (Q1) of the year, rising 12% y-o-y and 76% q-o-q to on improving economic conditions with DenizBank adding significant diversification to the Group. Results highlights of first quarter2021: • Strong operating performance on improving economic conditions coupled with effective cost management • Total income up 25% q-o-q to AED6.2 billion on a marked recovery of non-funded income and higher net interest income as NIMs successfully absorbed the unprecedented rate cuts of 2020 • Expenses declined 9% y-o-y and q-o-q to AED1.9 billion on effective cost management discipline
Dubai s Emirates NBD Group s first quarter 2021 net profit at Dh2 32b, gaining 12%
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Emirates NBD s Q1 net profit up 12% to Dh2 32b
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While most countries are stuck with lock-downs to smother the pandemic, the UAE chose to remain open. Will the gamble pay off economically?
April 08, 2021
Remember life before Covid-19? Booking hotel rooms for holidays, eating out at the restaurant, partying in bars and going to the gym? While this is a distant dream in most countries experiencing lockdowns, in Dubai, life continues almost unchanged. A social media campaign makes the point: “Open is looking good for Dubai right now and we want to tell the world about it,” says the voiceover, accompanied by images of unmasked people riding a rollercoaster, shopping at the mall and running on the beach.