Emirates NBD to swap $135.5m of bonds
Emirates NBD said its Emirates Bank unit will swap $135.5m of bonds for shorter-term paper under an exchange programme announced earlier this month, reported Bloomberg.
The net profit of Emirates NBD dropped by 41% y/y to AED 852mn in Q2 this year 'due to the prudent credit impairment allowances taken by the bank during the year, the bank's CEO Rick Pudner, said.