UPDATE 1-Emirates NBD Q1 profit dives 24% as coronavirus-led impairments surge
Dubai’s largest lender Emirates
NBD said on Monday its first-quarter net profit
declined 24% on-year due to higher provisions the bank took in
anticipation of the impact of the coronavirus outbreak on credit
conditions.
NBD said on Monday its first-quarter net profit
declined 24% on-year due to higher provisions the bank took in
anticipation of the impact of the coronavirus outbreak on credit
conditions.
Posted by Reuters
