Abu Dhabi Islamic Bank posted a 2.3-percent rise in quarterly net profit on Wednesday and warned earnings for the rest of 2012 would be subdued by euro zone uncertainty and regulations being introduced in the
United Arab Emirates.
The largest sharia-compliant lender by market value in the UAE had second-quarter net profit of 322.6 million dirhams ($87.8 million) in the three months to June 30. That is up from 315.2 million dirhams in prior-year period, it said in a statement.
The results beat estimates of two analysts who forecast profit of 314 million dirhams and 294 million dirhams in a
Reuters poll.
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