ADCB’s first half net profit up 17 per cent to Dh2.53 billion | GulfNews.com

ADCB’s first half net profit up 17 per cent to Dh2.53 billion | GulfNews.com:



"Abu Dhabi Commercial Bank (ADCB) reported a net profit of Dh2.53 billion in the first half of 2015, up 17 per cent year on year compared to Dh2.16 billion in the same period last year.



For the second quarter of the year the bank’s net profit was up 21 per cent year on year to Dh1.28 billion.



“Our financial results for the first half of the year reflected strong underlying performance across our businesses. Asset quality improved further, with a non-performing loan ratio of 3 per cent and provision coverage of 139 per cent as at 30 June 2015,” said Ala’a Eraiqat, Member of the Board and Chief Executive Officer of ADCB."



'via Blog this'