Emirates NBD has posted a 60 per cent drop in third-quarter profit to AED424m ($115m) from AED1.05bn a year earlier, as the UAE’s largest bank increased provisions to cover bad loans. Overall provisions for bad loans rose 67 per cent compared to a year earlier to AED1.2bn, taking the bank’s non-performing loans to total loans ratio to 3.66 per cent. Loans fell 6 per cent from December to AED201.1bn at the end of September, while deposits grew 10 per cent to AED198.8bn.