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Jul 03 2011

EARNINGS PREVIEW: UAE Banks 2Q Net Profit Estimates - HC

Sunday, Jul 03, 2011

DUBAI (Zawya Dow Jones)--Second-quarter net profit forecasts for selected UAE companies covered by investment bank Alembic HC.



(AED million) 2Q 11 Forecast 2Q 10 Zawya

Commercial Bank of Dubai 213 255.3

Union National Bank 399 337.4

Emirates NBD 474 398.2

First Gulf Bank 808 787

National Bank of Abu Dhabi 914 1000.8

Dubai Islamic Bank 202 301.3

Abu Dhabi Commercial Bank 1201 -527.3

Abu Dhabi Islamic Bank 224 301.5

Tamweel 21 5.4

Shuaa -11.5 -56.6


-By Dubai Bureau, Dow Jones Newswires; +9714 446-1698; djnews.dubai@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

03-07-11 0913GMT

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