Sat, Aug 19, 2017
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

ADIB wants ‘clean slate’ to start year

Posted on 15 February 2010

From Thenational.ae: Abu Dhabi Islamic Bank (ADIB) set aside more than Dh1 billion (US$272.2 million) in provisions in the final quarter of last year as the country’s second-largest Sharia-compliant lender said it was starting the year with a “clean slate”.

Overall provisions reached almost Dh1.5bn last year, cutting the bank’s full-year profit to Dh78m. ADIB had also set aside “voluntary” or general provisions, which are usually taken against still-performing loans…………………………………Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
banner
August 2017
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031