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National Bank of Canada's profit rises in third quarter
Gulf Today
|August 31, 2025
National Bank of Canada reported an increase in the third quarter profit, boosted by its wealth management business and higher income from interest. Its net interest income, the difference between what banks earn on loans and pay on deposits, surged more than 52 per cent to C$1.17 billion ($846.78 million).
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With credit conditions improving and most Canadian exports to the United States exempt from tariffs under the United States-Mexico-Canada Agreement (USMCA), banks now expect a softer economic impact as loan demands grow.
The bank's wealth management profit grew 12 per cent to C$244 million in the third quarter.
यह कहानी Gulf Today के August 31, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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