DUBAI

The Pak Banker - - COMPANIES/BOSS -

NBAD Bank said its bal­ance sheet growth was strong year-over-year, driven by a strong uptick in lend­ing.

Nasser Al­sowaidi, chair­man of NBAD, said: "In the first half of 2015, NBAD de­liv­ered con­sis­tent prof­its in an in­creas­ingly dif­fi­cult en­vi­ron­ment." Na­tional Bank of Abu Dhabi's net prof­its rose one per cent year-on-year to Dh1.446 bil­lion in the sec­ond quar­ter of 2015 as a de­cline was seen in earn­ings from fees and com­mis­sions.

The len­der said that "its bal­ance sheet growth was strong year-over-year, driven by a strong uptick in lend­ing".

In the sec­ond quar­ter ended June 30, 2015, NBAD said con­tin­ued lend­ing growth com­bined with a de­cline in cus­tomer de­posits re­sulted in a higher loanto-de­posit ra­tio.

Net in­ter­est in­come in­clud­ing in­come from Is­lamic fi­nanc­ing was up five per cent year-on-year to Dh1.840 bil­lion in the April-June pe­riod, while non-in­ter­est in­come was up six per cent year-on-year to Dh878 mil­lion. -Afp

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