Abu Dhabi-based lender Abu Dhabi Islamic Bank (Adib) said yesterday the group’s fiscal third quarter net profit rose 3 per cent on the year to Dh328.5 million while its net revenue jumped 12.1 per cent to Dh924.1 million.
In a statement, Adib said the group’s total credit provisions and impairments for Q3 2012 were Dh202.1 million, representing a 34 per cent increase from the same quarter a year earlier.
The bank’s net profit for the quarter rose 14.5 per cent on the year to Dh405.7 million while revenue rose 11.7 per cent to Dh930 million.
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