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Islamic Finance Briefing - Categorized | Banking, Performance more

ADCB swings to Q4 profit

Posted on 26 January 2011

From Tradearabia.com: Abu Dhabi Commercial Bank (ADCB) on Tuesday said it swung to a fourth quarter and yearly profit helped by higher net interest income, beating analysts forecasts.
The lender, one of the region’s most exposed banks to indebted conglomerate Dubai World, booked Dh1.06 billion ($287.3 million) in provisions against its exposure……………………………………….Full Article: Source

 
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