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Thursday, 26 April 2018

UAE lender ADCB Q1 profit up 9% | ZAWYA MENA Edition

UAE lender ADCB Q1 profit up 9% | ZAWYA MENA Edition:

"Abu Dhabi Commercial Bank on Thursday posted a 9 percent rise in first quarter profit as net interest and Islamic financing income rose. The emirate's second-largest bank by assets made a net profit attributable to shareholders of 1.21 billion dirhams ($330 million) in the three months to Mar.31, compared to 1.11 billion dirhams in the first quarter of 2017, ADCB said in a statement. SICO Bahrain forecast a fourth-quarter profit of 1.09 billion dirhams, while EFG Hermes expected a profit of 1.14 billion dirhams. Total net interest and Islamic financing income reached 1.83 billion dirhams, 12 percent up from the same period of last year."



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