Nadra Bank Declares Net Income Increase by 50% Y-o-Y in 9M07
OREANDA-NEWS. According to Alfa Capital's information division, Nadra Bank (NADR) reported 50% growth in net income for 9M07, with total net income increasing by 36% q-o-q in 3Q07 vs. 16% growth in 2Q07. Bank Nadra also boosted its assets 66.73% YTD by $1.36 bln to $3.4 bln, while increasing share capital 46.4% YTD by $0.07 bln to $0.33 bln. As was mentioned throughout the week, the industry average for growth in assets and share capital was 49.6% and 38%, respectively, in 9M07.
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