Monday 5 February 2018

ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments - The National

ADIB fourth-quarter net profit up 33.4% on fees income, lower impairments - The National:

"Profits at Abu Dhabi Islamic Bank, the capital’s biggest Sharia-compliant lender, rose 33.4 per cent increase in the fourth quarter of 2017, beating analysts’ estimates, as fees and commissions income rose and impairments dipped.

The bank's net profit for the three months to the end of December reached Dh607.2 million, up from Dh455.1m in a year-earlier period, the bank said.

Bloomberg had forecast a net income of Dh502.5m, based on estimates from two analysts."



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