14.02.2012 - Adib profit up on lower provisions
Abu Dhabi Islamic Bank (Adib) on Monday said its net profit rose 17.3 per cent to Dh1.425 billion last year as compared to Dh1.214 billion in 2010 after it booked lower provisions. For the 2011 financial year, the bank’s net revenue for 2011 was Dh3.41 billion as compared to Dh3.05 billion for 2010, an increase of 11.8 per cent. Bank’s operating profit totalled Dh2.05 billion against Dh1.844 billion for 2010, an increase of 11.1 per cent...............................................Full Article: Source
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