Dubai's Emirates NBD Q1 profit rises 60 pct, beats estimates

April 22, 2015 4:51 AM

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DUBAI, April 22 (Reuters) - Emirates NBD (ENBD), Dubai's largest lender, posted a 60 percent rise in first-quarter net profit on Wednesday, beating analysts' forecasts.

The lender, 55.6-percent owned by state fund Investment Corp of Dubai, made a net profit of 1.67 billion dirhams ($454.67 million) in the three months to March 31, a statement from the bank said. This is up from 1.04 billion dirhams in the same period of 2014.

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