| Decline was expected but still beat forecasts thanks to 10.8 per cent fall in impairments. 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 Dhs333 million ($90.7 million) in the final three months of 2012 compared with Dhs338.6 million a year earlier, it said in a statement...............................................Full Article: Source
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