Emirates NBD PJSC’s net income for the second quarter beat estimates as higher margins, an improved deposit mix and loan recoveries raised revenue.
Dubai’s biggest lender said profit jumped 78% to 6.2 billion dirhams ($1.69 billion), exceeding the median of two analyst forecasts of 5.77 billion dirhams, according to a statement on Thursday.
Read More : Emirates NBD Surpasses Expectations with Profit Surge Driven by Margins and Deposits