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Emirates NBD Misses Estimates as Bad Loan Provisions Climb
Emirates NBD PJSC, Dubai’s biggest bank, reported a 21 percent increase in third-quarter profit, missing analyst estimates, as provisions for bad loans climbed. Net income rose to 776 million dirhams ($211 million) from 640 million dirhams a year earlier, the state-controlled bank said in a statement today. The mean estimate…
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