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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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