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Tuesday, 14 February 2017

UPDATE 1-ADIB's falling profit rounds up mixed results season for Abu Dhabi banks | Reuters

UPDATE 1-ADIB's falling profit rounds up mixed results season for Abu Dhabi banks | Reuters:

"Abu Dhabi Islamic Bank saw profits fall in the fourth quarter while peer Union National Bank reported a surge in revenues on Tuesday, rounding up a mixed results season for Abu Dhabi lenders.

The emirate's five domestic banks are battling tight liquidity and rising bad loans due to the economic impact of lower oil prices.

Loan and deposit growth remain in single digits and banks continue to book provisions for bad or doubtful loans."



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