The Emirates NBD on Monday announced a net profit of Dhs1.3 billion in the first-half (H1) of 2012,  up by 274 per cent  compared with Dhs0.3 billion in H1 2011 after excluding the Dhs1.8 billion non-recurring gain on subsidiaries. The total income of the bank stood at Dhs5.2 billion, up by 7 per cent from H1 2011. Total assets of the bank up by 5 per cent at Dhs298.4 billion compared with Dhs284.6 billion at the end of 2011. The customer loans were at Dhs208.2 billion, up by 2 per cent relative to Dhs203.1 billion at the end of 2011. Customer deposits were at Dhs208.4 billion, up by 8 per cent from Dhs193.3 billion at the previous year-end, similarly headline loan to deposit ratio improved to 100 per cent from 105 per cent at the end of 2011 and capital adequacy ratio at extremely healthy level of 19.5 per cent. Commenting on the Group’s performance, Emirates NBD’s Chief Executive Officer, Rick Pudner, said: “During the first half of 2012 we have delivered a robust set of financial results with pre-impairment operating profits for the period up 5 per cent, despite a continued challenging external environment. In addition, the progress we have made towards our strategic priorities is now bearing fruit as growth momentum in our Retail and Islamic banking franchises is evidently gathering pace, while the strategy transformation activity in our Wholesale Banking business is set to reap future benefits.”  Gulf Today