Emirates NBD’s board to meet next week for results

Dubai

Emirates NBD said on Thursday its board plan to meet on April 18 to discuss their quarterly results to March.

The board will also discuss other business, the bank said in a statement posted on Dubai Financial Market’s website.

In 2016, Emirates NBD reported Dh7.24 billion net profit, up 2 per cent compared to the previous year.

The operating performance was helped by further recoveries from legacy impaired loans which offset lower non-interest income. Net interest income declined 1 per cent as a contraction in margins more than offset asset growth.