Abu Dhabi Commercial Bank the emirate's third-largest lender by market value, posted a 38-percent rise in first quarter net profit on Tuesday due to lower impairments and higher interest income.
ADCB posted a net profit of 802 million dirhams ($218.52 million) in the first quarter, compared with 583 million dirhams a year earlier, ahead of analysts' forecasts.
Analysts polled by Reuters forecast an average first-quarter net profit of 641.25 million dirhams.
No comments:
Post a Comment