UPDATE 1-UAE's First Abu Dhabi Bank third-quarter net profit up 3% - Reuters:
First Abu Dhabi Bank (FAB) , the largest lender in the United Arab Emirates, reported a 3% rise in third-quarter net profit, driven by higher non-interest income.
FAB made a net 3.11 billion dirhams ($847 million) in the three months ended Sept. 30, compared with 3.02 billion in the prior-year period, it said in a statement on Thursday.
The profit was broadly in line with analysts’ forecasts. EFG Hermes had forecast a net 3.12 billion dirhams while SICO Bahrain had forecast 3.21 billion.
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