National Bank of Abu Dhabi

National Bank of Abu Dhabi PJSC

Condensed consolidated interim financial statements 31 March 2011

National Bank of Abu Dhabi PJSC

Condensed consolidated interim financial statements

Contents Independent auditors' report on review of condensed consolidated interim

financial information Condensed consolidated interim statement of financial position Condensed consolidated interim income statement Condensed consolidated interim statement of cash flows Condensed consolidated interim statement of comprehensive income Condensed consolidated interim statement of changes in equity Notes to the condensed consolidated interim financial statements

Page

1 2 3 4 5 6 7 - 20

National Bank of Abu Dhabi PJSC

Condensed consolidated interim income statement

For the three month period ended 31 March 2011

31 Mar `11 31 Mar `10

Note

AED'000

AED'000

Interest income Interest expense

Net interest income

Income from Islamic financing contracts Depositors' share of profits

Net income from Islamic financing contracts

1,862,677 (567,113) -----------------------1,295,564 ------------------------

97,139 (14,368) -----------------------82,771 ------------------------

1,659,544 (468,806) -----------------------1,190,738 ------------------------

60,054 (11,355) -----------------------48,699 ------------------------

Fee and commission income Fee and commission expense

Net fee and commission income

392,447 (48,674) -----------------------343,773 ------------------------

357,618 (34,312) -----------------------323,306 ------------------------

Net gain on investments Net foreign exchange gain Other operating income

69,516 71,207 18,409 -----------------------159,132 ------------------------

112,951 80,855 15,471 -----------------------209,277 ------------------------

Operating income

1,881,240 1,772,020

General, administration and other operating expenses

Profit before net impairment charge and taxation

(565,912)

(493,940)

------------------------ ------------------------

1,315,328 1,278,080

Net impairment charge Profit before taxation

(365,046) (225,126) ------------------------ ------------------------

950,282 1,052,954

Overseas income tax expense Net profit for the period

(22,993) ------------------------

927,289 ===========

(22,119) ------------------------

1,030,835 ===========

Basic earnings per share (AED) Diluted earnings per share (AED)

20

0.28

0.32

=========== ===========

20

0.28

0.31

=========== ===========

The notes 1 to 23 are an integral part of these condensed consolidated interim financial statements.

The independent auditors' report on review of condensed consolidated interim financial information is set out on page 1.

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