Abu Dhabi Commercial Bank Q4 net profit up 7 pct

Abu Dhabi Commercial Bank Q4 net profit up 7 pct:

"Abu Dhabi Commercial Bank posted a 7 percent rise in fourth-quarter net profit on Sunday, bolstered by a rise in net interest and Islamic financing income. The emirate’s second-largest bank by assets made a net profit attributable to shareholders of 1.07 billion dirhams ($291.3 million) in the three months to Dec.31, compared to 1.0 billion dirhams in the fourth quarter of the previous year, according to its financial statement. SICO Bahrain and EFG Hermes forecast a fourth quarter profit of 942.5 million dirhams and 1.17 billion dirhams, respectively."



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