Abu Dhabi's Hilal Bank reports 2013 net profit up 42 pct | Reuters

Abu Dhabi's Hilal Bank reports 2013 net profit up 42 pct | Reuters:



"Abu Dhabi government-owned Al Hilal Bank said its 2013 net profit jumped 42 percent on the back of strong asset growth.



The Islamic lender, owned by Abu Dhabi Investment Council, made a net profit of 441.4 million dirhams ($120.16) in 2013 compared to 310.3 million dirhams in the prior year, a statement from the bank said on Wednesday.



"The significant net profit upsurge for the full year of 2013 is largely attributed to growth in assets along with improvement in asset quality and liability mix," the statement said."



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