08.02.2013 - UAE's ADIB Q4 drops, tops estimates as provisions dip
Abu Dhabi Islamic Bank reported a drop in quarterly profit on Thursday but still beat forecasts as the bank made fewer provisions for bad loans. Abu Dhabi's biggest sharia-compliant bank by market value had fourth-quarter net profit of 333 million dirhams ($90.7 million) in the final three months of 2012 compared with 338.6 million dirhams a year earlier, it said in a statement. This was ahead of the three analysts average forecast for net profit of 224.3 million dirhams in a Reuters poll last month...............................................Full Article: Source
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