Emirates NBD Q1 profits fall 24% on coronavirus impairment surge
Dubai’s largest lender Emirates
NBD said on Monday first-quarter net profit declined
24% year-on-year due to higher provisions the bank took in
anticipation of the impact of the new coronavirus outbreak on
credit conditions.
NBD said on Monday first-quarter net profit declined
24% year-on-year due to higher provisions the bank took in
anticipation of the impact of the new coronavirus outbreak on
credit conditions.
Posted by Reuters
