Abu Dhabi Islamic Bank said Eurozone pressures and new regulations in the UAE will hit earnings for the rest of 2012. Abu Dhabi Islamic Bank posted a 2.3 per cent rise in quarterly net profit on Wednesday and warned earnings for the rest of 2012 would be subdued by Eurozone uncertainty and new financial regulations being introduced in the UAE.
“We continue to anticipate limited quality credit opportunities and a resultant subdued growth in profits for the balance of 2012,” ADIB CEO Tirad Mahmoud said in a statement on Wednesday, without giving further details………………………………………..Full Article: Source