NBD Islamic finance portfolio grows 24 per cent in 2011
The National Bank for Development (NBD) together with Abu Dhabi Islamic Bank (ADIB) revealed its 2011 financial results, which showed positive indicators despite the circumstances the Egyptian economy faced during the past year.
Nevine Loutfy, Managing Director and CEO of NBD, stated that NBD's achievements during 2011 confirmed the strong and superior performance of the bank's employees, which was shown in the significant growth in both assets and liabilities, in addition to increasing the bank's market share and reducing the provisions gap.
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