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Islamic Finance Briefing - Categorized | Banking, Performance more

Record profits for Abu Dhabi Islamic Bank (ADIB) in Q3

Posted on 27 October 2011

Abu Dhabi Islamic Bank (ADIB) reports better than expected quarterly results despite the impact of lending restrictions imposed by the central bank. ADIB saw its highest ever quarterly net profit for the third quarter at AED 319.1 million ($86.8 million), only slightly higher than the AED 314.5 million ($85.6 million) it reported for the same period a year earlier.
The Islamic lender beat average forecasts for profit of AED 286.5 million ($78 million)………………………………………..Full Article: Source

 
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