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Abu Dhabi Commercial Bank (ADCB) on Tuesday said its quarterly profit more than doubled, helped by lower loan provisions and a rise in non-interest income, beating analysts expectations.
The lender said first-quarter net profit rose to Dh583 million ($158.8 million), compared with Dh225 million in the year-earlier period. Analysts polled by Reuters on average forecast a net profit of Dh393.75 million……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Performance more
ADCB Q1 profit more than doubles
| Posted on 27 April 2011 |
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