Dubai – Mubasher: Emirates NBD, listed on the Dubai Financial Market (DFM), on Tuesday posted a 16% year-on-year rise in profits for the third quarter of 2018, recording AED 2.638 billion, versus AED 2.275 billion.
Total operating income totalled AED 4.454 billion in the three-month period ended September, up from AED 3.965 billion in Q3-17, according to the bank’s financial statements.
Earnings per share (eps) stood at AED 0.45 in Q3-18, versus AED 0.38 in the year-ago period.
In the first nine months of the year, net profits rose by 24% to AED 7.656 billion, compared AED 6.170 billion in the same period a year earlier.
The bank’s total income grew 13% at the end of September to AED 12.9 billion, versus AED 11.419 billion in the nine-month period of 2017.
Total assets reached AED 492.6 billion in the January-September period of this year, up 7% from AED 461.1 billion in the prior-year period.
Emirates NBD previously reported a 29% year-on-year rise in net profit for the first half of 2018, registering AED 5.018 billion from AED 3.894 billion.
The bank’s total income increased by 13% to AED 8.451 billion in the six-month period ended June, compared to AED 7.453 billion in the prior-year period.
