Abu Dhabi Commercial Bank , the fourth largest bank in the UAE by market value, nearly doubled its third-quarter net profit on Tuesday, beating analysts forecasts, helped by lower impairment provisions and higher net interest income.

ADCB, 58-percent owned by the government of Abu Dhabi, posted a net profit of 607.6 million dirhams ($165.5 million) in the third quarter, compared with 317.7 million dirhams in the year earlier period, the bank said in a statement………………………………………Full Article: Source