| 30.07.2009 - Adib's second quarter net profit drops 30 pct |
| From Business24-7.ae: Abu Dhabi Islamic Bank's (Adib) net profit fell 30 per cent to Dh193.4 million ($52.65m) in second quarter of 2009 from Dh275.7m a year earlier. Net profit for the first half of 2009 at dropped 11.2 per cent to Dh461.8m due to lower investment income of Dh156.2m in the real estate subsidiary and credit loss provisions amounting to Dh 171.4m in second quarter of 2009........Full Article: Source |