Emirates NBD Recommends to Increase Dividend for the Full Year Ended December 31, 2015; Announces Earnings Results for the Full Year Ended December 31, 2015
The company announced earnings results for the full year ended December 31, 2015. The company delivered a solid set of financial results with net profit up 39% to AED 7.1 billion. The strong operating performance was helped by income growth, a modest increase in costs and a lower impairment charge. Total income for the year grew by 5% to AED 15.2 billion. Net interest income grew 8% to AED 10.2 billion due to growth in assets and a lower cost of deposits.