Dubai: National Bank of Abu Dhabi said on Sunday it will hold its annual general meeting on March 15.
The bank reported a net profit of Dh5.232 billion during last year, down 6 per cent compared to the year before. In the fourth quarter to December 2015, net profits fell 25 per cent year on year to Dh1.036 billion. Net impairment charges increased as the bank set aside a further Dh219 million as collective provisions to ensure an adequate buffer is maintained for future contingencies.
