The National Bank of Dubai (NBD) announced yesterday a net profit of 622.86 million dirhams ($169.7 million) in the first three quarters of 2004, a drop of 10 percent compared to the same period last year. The bank's total assets grew slightly to 36.783 billion dirhams ($10.02 billion) at the end of September from 35.623 billion dirhams ($9.70 billion) at end-December 2003, according to the bank's balance sheet. Shareholders funds fell to 5.318 billion dirhams ($1.44 billion) at the end of September from 5.483 billion dirhams ($1.49 billion) at the end of last December.
