HomeFeatured BlogsADCB records 16.4pc rise in net profit

ADCB records 16.4pc rise in net profit

ADCB report 16.4 per cent profit in Q3

ADCB records 16.4pc rise in net profit

ABU DHABI, 2 days ago

Abu Dhabi Commercial Bank (ADCB) reported a 16.4 per cent increase in third-quarter net profit on Wednesday, in line with analyst expectations.

The fourth-largest lender in the UAE by assets made a net profit attributable to equity holders of Dh1.02 billion ($277.7 million) in the three months to September 30, compared to Dh874.2 million ($237.9 million) the corresponding period of last year, it said in a bourse filing.

The figure was in line with the forecast of six analysts polled by Reuters, with their average expectation for net profit in the period of Dh1.04 billion ($283.1). – Reuters

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